On BSE, the overall market breadth was positive as 1,261 shares were advancing while 561 were declining.
Mumbai:
New Delhi: The Indian equity benchmarks on Monday extended fall in early deals led by weakness in auto and financial stocks. As of 10:08 am, the benchmark BSE Sensex fell 364 points or 0.62 per cent to 58,280, while the broader NSE Nifty moved 98 points or 0.56 per cent lower to 17,418.
Asian markets mostly eased on Monday after stunningly strong U.S. jobs data soothed concerns about the global economy but also added to the risk of an aggressive tightening by the Federal Reserve.
S&P 500 futures and Nasdaq futures both eased slightly, after last week’s market turmoil saw Amazon.com Inc gain almost $200 billion while Facebook-owner Meta Platforms Inc lost just as much.
Back home, mid- and small-cap shares were in the negative zone as Nifty Midcap 100 index was down 0.76 per cent and small-cap shares were trading 0.92 per cent lower.
On the stock-specific front, Hero MotoCorp was the top Nifty laggard as the stock cracked 2.41 per cent to Rs 2,656.20. Divi’s Lab, Tata Consumer Products, Bajaj Finance and Bajaj Auto were also among the laggards.
In contrast, Tata Steel, SBI, PowerGrid, NTPC and Coal India were among the gainers.
On BSE, the overall market breadth was positive as 1,261 shares were advancing while 561 were declining.
On the 30-share BSE platform, Bajaj Finance, L&T, M&M, Asian Paints, Dr Reddy’s, Bharti Airtel and HDFC Bank attracted the most losses with their shares sliding as much as 1.72 per cent.
Sensex had tanked slipped 207 points or 0.35 per cent to close at 58,581 on Friday, while Nifty had moved 68 points or 0.39 per cent lower to 17,492.