INSUBCONTINENT EXCLUSIVE:
The domestic stock exchange have opened weak, after the gains witnessed in Friday's session, due to mixed global cues
At 9:17 am, the BSE Sensex was at 49,596.75, lower by 266 points or 0.51 per cent and the NSE Nifty was at 14,681.70, down 65.25 points or
The wider markets are, nevertheless, surpassing their largecap peers, with the BSE Midcap index and BSE Smallcap index acquiring 0.7 percent
and 0.6 per cent respectively.Asian markets were holding their nerve on Monday as a plunge in the Turkish lira evaluated threat cravings,
with stocks and bonds showing just a limited bid for safe-havens
Japan's Nikkei fell 1.4 percent, not helped by talk Japanese retail investors could deal with losses on large long positions in the
high-yielding lira.The Nasdaq ended mixed on Friday, lifted by Facebook and energy shares as U.S
Treasury yields took a break from a current surge.The Dow Jones Industrial Average fell 234.79 points, or 0.71 per cent, to 32,627.51, the
S-P 500 lost 2.71 points, or 0.07 per cent, to 3,912.75 and Nasdaq Composite added 99.07 points, or 0.76 per cent, to 13,215.24 Meanwhile,
oil prices resumed their decrease on Monday, falling around 1 per cent as stress over a drop in demand for fuel products in the wake of yet
more European lockdowns controlled trading.Brent crude was down 60 cents, or 0.9 percent, at $63.93 a barrel by 0136 GMT
oil was off by 68 cents, or 1.1 per cent, at $60.74 a barrel
Both agreements fell by more than 6 per cent last week.Index heavyweights such as Tata Motors, L-T and Reliance Industries have actually
weakeaned around 1 per cent to top the loser's list on the BSE
Monetary stocks are likewise weeing selling pressure, with ICICI Bank, HDFC Bank, Axis Bank and IndusInd Bank losing around a per cent
each.On the other hand, pharma stocks are bucking the weak pattern, with Cipla, Divi's Lab, Dr Reddy's and Sun Pharma acquiring around a
The BSE market breadth is strong
Out of 2,103 stocks traded on the BSE, there are 1,076 advancing stocks as against 921 decreases.
