associate sponsors


Sensex down 97 points, Nifty below 10,600; realty, healthcare, metal, auto, consumer durables shares fall

Mumbai: The BSE Sensex surrendered its initial gains to trade lower by 97.64 points in late morning deals on Monday amid selling in realty, healthcare, metal, auto, consumer durables and basic materials counters.

Investors were wary after BJP's B S Yeddyurappa resigned as the chief minister of Karnataka, paving the way for the JD(S)-Congress combine to form the government.

Caution also set in ahead of key corporate earnings to be announced on Monday, brokers said.

IT, teck, telecom and energy witnessed buying interest.

Representational image. Reuters.

Representational image. Reuters.

The 30-share Sensex was trading at 34,750.66, showing a loss of 97.64 points, or 0.28 percent.

The broader Nifty index was trading at 10,558.15, down 38.25 points, or 0.36 percent.

Major losers were Sun Pharma 2.60 percent, Dr Reddy's 2.57 percent, Tata Motors DVR 2.30 percent, Tata Motors 1.80 percent and Axis Bank 1.60 percent.

Gainers included TCS 1.90 percent, ICICI Bank 1.52 percent, Coal India 1.35 percent, SBI 1.19 percent and ONGC 1.19 percent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 166.15 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 149.58 crore last Friday, provisional data showed.

Most Asian markets were trading higher as investors digested the thaw in US-China trade relations.

The US trade war with China is on hold after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, US Treasury Secretary Steven Mnuchin said on Sunday.

Updated Date: May 21, 2018 12:39 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See

{if $hideJSforEU != 'yes'} {/if}