Nifty opens below 10,900, Sensex falls 100 pts; auto stocks under pressure
Market opens: It is negative start for the Indian indices with Nifty below 10,900.
At 09:18 hrs IST, the Sensex is down 151.08 points or 0.41% at 36830.69, and the Nifty down 42.40 points or 0.39% at 10903.80. About 375 shares have advanced, 369 shares declined, and 55 shares are unchanged.
Asian Paints Indiabulls Housing, UPL and Sun Pharma and Cipla, are among major gainers on the indices, while losers are Maruti Suzuki, Tata Motors, Eicher Motors, M&M, Hero MotoCorp, HDFC Bank, Kotak Mahiondra Bank, Axis Bank and JSW Steel, Yes Bank, TCS and Bajaj Finance.
Among sectors, except pharma other indices are trading lower led by auto, metal, energy, bank and IT.
Rupee Opens: Indian rupee opened flat at 71.70 on Monday against Friday's close of 71.72 per dollar.
Stocks in the news: Canara Bank, NBCC, PNB, DHFL, Shilpa Medicare, Avenue Supermarts