Sensex, Nifty opens on volatile note amid weak global cues; Hero MotoCorp, Vedanta, Bajaj Auto among top losers
Sensex was trading 28.05 points, 0.08 percent, lower at 35,714.02, after swinging over 200 points between highs and lows of 35,910.67 and 35,675.02, respectively.
Mumbai: The benchmark BSE Sensex opened on a volatile note early Monday on short-covering by investors amid weakness in Asian markets. Buying activity in pharma, technology, banking auto and FMCG stocks, influenced market sentiment.
The benchmark BSE Sensex was trading 28.05 points, 0.08 percent, lower at 35,714.02, after swinging over 200 points between highs and lows of 35,910.67 and 35,675.02, respectively.
The gauge had plunged 572.04 points on Friday.
NSE Nifty was trading lower 25.25 points, or 0.23 percent, at 10,728.75.
Top losers were Hero MotoCorp, Vedanta, Bajaj Auto, Bajaj Finance, Asian Paint and HDFC Bank fell up to 3 percent.
On the other hand, major gainers were Sun Pharma, Infosys, TCS, SBI, ITC, ICICI Bank, Tata Motors, IndusInd Bank, Kotak Bank, Axis Bank, Maruti Suzuki, L&T, Bharti Airtel, M&M and Coal India, rising up to 2.12 percent.
According to experts, global equities were choppy as a partial US government shutdown that entered was set to stretch through Christmas, after Congress adjourned for the weekend with no deal in sight to end an impasse over funding for President Donald Trump's wall on the US-Mexico border.
Also, investors are nervous after reports emerged that Trump privately asked cabinet members if he had the authority to fire Fed Chair Jerome Powell after interest rates were increased and the stock market tanked.
Meanwhile, on a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 134.14 crore, while domestic institutional investors (DIIs) sold shares worth Rs 488.55 crore Friday, provisional data showed.
Asian markets were trading lower following Friday's losses on the Wall Street.
Hong Kong's Hang Seng was down 1.29 percent. Shanghai Composite Index shed 0.49 percent in early trade. Korea's Kospi fell 0.38 percent and Taiwan index slipped 0.20 percent. Japan's markets are closed Monday.
The US Dow Jones Industrial Average ended 1.81 percent lower Friday.
Oscars 2023 LIVE: Everything Everywhere All At Once wins the Best Picture; bags seventh award for the day
Everything Everywhere All at Once, All Quiet on the Western Front, Avatar: The Way of Water, The Banshees of Inisherin, Elvis, The Fabelmans, Tár, Top Gun: Maverick, Triangle of Sadness and Women Talking will compete with each other to bag the best film award.
It's almost time for the 95th Academy Awards; here's everything you need to know about the ceremony
The Oscars will be held Sunday, March 12, at the Dolby Theatre in Los Angeles. The ceremony is set to begin at 8 p.m. EDT and be broadcast live on ABC.
Aanand L Rai & Colour Yellow Productions celebrate International Women's Day with the leading ladies of Jhimma 2
Jhimma 2 has an ensemble cast. The film is directed by Hemant Dhome, written by Irawati Karnik, and produced by Aanand L Rai's Colour Yellow Production, Chalchitra Mandalee and Kshitee Jog. The film is co-produced by Viraj Gawas, Urfi Kazmi and Ajinkya.