The broader markets fell with mid-caps and small-caps declining nearly 0.5% on the BSE.

Markets continued to trade lower in afternoon session this Monday on back of profit-booking in fast moving consumer goods and infrastructure stocks after recent rally.

At 1PM, the Bombay Stock Exchange’s 30-share index Sensex fell 207 points at 19,913 while the National Stock Exchange’s 50-share Nifty was down 60 point at 6,048.

Meanwhile, global risk appetite was firm driven by a rally in Japanese exporters after the yen weakened past 102 versus the dollar.

Asian markets traded mixed with Hong Kong’s Hang Seng falling 1% to 23,074, China’s Shanghai Composite shed 0.25% to 2,241, Singapore’s Straits Times fell 0.2% to 3,437 while Japan’s Nikkei surged 1% to 14,874 today.

Meanwhile, European markets were down in opening deals. France’s CAC declined 0.1% to 3,949, UK’s FTSE shed 0.08% to 6,619 while Germany’s DAX was down 0.04% to 8,275.

Back home, the key sectoral indices such as FMCG, capital goods, IT, technology, bankex dropped while oil and gas rose on the BSE.

The gainers on the Sensex included, Dr Reddy’s gaining 1.2%, NTPC rose 0.7% while HDFC Bank added 0.2% on the BSE.

For more visit: Business Standard

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