INSUBCONTINENT EXCLUSIVE:
Share market on Monday: Widening current account deficit, rupee's fresh low hurt the market sentiment.Benchmark equity indices started the
week in the red on Monday
Sensex dropped 329.08 points or 0.86 per cent to trade at 38,060.74
The broader Nifty50 was trading at 11,483.75, down 105.35 points or 0.91 per cent
in the 30-share Sensex pack in the morning session were Sun Pharma (-1.05%), Power Grid Corporation (-1.15%), ICICI Bank (-1.18%), Kotak
Mahindra Bank (-1.25%), Tata Motors (-1.30%) and YES Bank (-1.41%)
The top laggards in the 50-share Nifty pack were Tata Motors (-1.46%), Sun Pharma (-1.34%), Bharti Infratel (-1.19%), ONGC (-0.995), and
ICICI Bank (-0.98%).On the other hand, major gainers in the 30-share Sensex pack in the session were Axis Bank (+3.99%), Infosys (+1.37%),
Tata Steel (+0.52%), Wipro (+0.49%), TCS (+0.49%), NTPC (+0.32%)
Infosys (+1.25%), Axis Bank (+0.77%), Vedanta (+0.74%), Power Grid (+0.52%) and Lupin (+0.48%) led the pack of Nifty gainers.According to
RBI data released Friday, the current account deficit (CAD) widened to $15.8 billion in April-June this year as against $15 billion in the
of Rs 37.56 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 942.45 crore on Friday, provisional data
US President Donald Trump raised the stakes in a heated trade dispute with China.In global commodities markets, oil prices rose as US
drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports
kick in from November.In its previous session on Friday, the SP BSE Sensex rose 147.01 points to close at 38,389.82, while the NSE Nifty
settled at 11,589.10, registering a gain of 52.20 points, or 0.45 per cent
That marked a second straight day of gains for the markets
