Buzzing: ITC shares fell after global brokerage house CLSA slashed price target on lower cigarette multiple.
Gold Update: Gold prices on Monday edged away from a 14-month peak hit in the previous session, with the dollar gaining after encouraging US retail sales data tempered fears about a sharp downturn in the world's largest economy.
Market Update: Benchmark indices extends the losses with Nifty around 11,750 level.
At 10:01 hrs IST, the Sensex is down 189.48 points at 39,262.59, while Nifty is down 63.10 points at 11,760.20. About 515 shares have advanced, 1075 shares declined, and 99 shares are unchanged.
Buzzing: Shares of Shriram Transport Finance Corporation fell 6.5 percent on June 17 after about 10 percent equity changed hands via block deals in early trade on the NSE.
Dollar Update: The dollar hovered near a two-week high early on Monday, as strong US retail sales data tempered some of the fears about a sharp downturn in the world’s largest economy.
Crude Update: Oil prices rose on Monday after US Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.
Market Opens: It is a weak start for the benchmark indices on June 17 with Nifty around 11,800 level.
At 09:17 hrs IST, the Sensex is down 47.78 points or 0.12% at 39404.29, and the Nifty down 22.90 points or 0.19% at 11800.40. About 298 shares have advanced, 490 shares declined, and 61 shares are unchanged.
Cadila Healthcare, Aurobindo Pharma, Asian Paints, L&T, Titan Company, ICICI Bank, M&M are some of the major gainers on the indices in the early trade, while losers are Shriram Transport, JSW Steel, Tata Steel, Axis Bank and IndusInd Bank.
Among the sectors, except infra, all other sectoral indices are trading lower.
Rupee Opens: The Indian rupee opened flat at 69.80 per dollar on Monday versus Friday's close 69.80.
Market at pre-open: Benchmark indices are trading firm in the pre-opening session on June 17.
At 09:02 hrs IST, the Sensex is up 53.67 points or 0.14% at 39505.74, and the Nifty up 58.60 points or 0.50% at 11881.90
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