Markets trade marginally lower, Nifty slips 40 points

Sensex, Nifty, Stock market, Rupee

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Indian equity markets were trading on a marginally lower note amid weak global cues and profit booking.

At 10.40 am on Monday, the Nifty at the NSE was trading 40 points down at 9,120 while the Sensex at the BSE was trading 142 points lower at 29,507.

In the broader markets, BSE Midcap index slipped 0.1 per cent but Smallcap index rose 0.1 per cent.

Among the BSE sectoral indices, Consumer Durables index registered the biggest gain with a jump of 1 per cent while Telecom index became the top loser with a dip of 1.9 per cent.

On Friday, the Nifty50 had closed at an all-time high at 9,160, up six points. The BSE Sensex had closed 63 points up at 29,649.

Top gainers in the Sensex-30 pack: Lupin (up 0.8 per cent), Adani Ports (up 0.8 per cent), Cipla (up 0.7 per cent), HDFC Bank (up 0.6 per cent) and HDFC (up 0.5 per cent).

Top losers in the Sensex-30 pack: ICICI Bank (down 2 per cent), Infosys (down 1.8 per cent), TCS (down 1.5 per cent), Axis Bank (down 1.5 per cent) and Tata Steel (down 1.4 per cent).

In the global markets, Singapore’s Straits Times Index plunged 0.6 per cent, Korea’s KOSPI slipped 0.5 per cent, Japan’s Nikkei 225 Index lost 0.4 per cent, Hong Kong’s Hang Seng index gained 0.6 per cent and China’s Shanghai Composite Index increased by 0.1 per cent.

Back home, the Rupee was trading nine paise higher at 65.48 against the US Dollar.

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