the BSE Sensex slipped 50 points at 9,587 and the Nifty slipped 20 points at 2,929.
Indian market has opened with a negative bias on Monday tracking losses in the US and the Asian markets. The Nikkei and the Hang Seng index both are down by 1% each.
Among the 30-components of the Sensex, 19 stocks are down and 11 stocks are in the positive terrain. Among the major laggards are, Reliance Industries, Bharti, ONGC and HDFC Bank. On the other hand, L&T, DLF, HDFC and Tata Motors are among the major gainers.
At 10:00 am (IST), the BSE 30-share Sensex slipped 50 points at 9,587 and the NSE Nifty slipped 20 points at 2,929.
Asian markets fell as Japan’s gross domestic product slumped 12.7% in Q4, the most since 1974. On Friday, US stocks were lower even as the House of Representatives approved the US$787 bn economic stimulus plan. President Obama is expected to sign the debated bill into law today.
The Dow Jones fell 82 points, or about 1% to 7850.41, S & P index lost 8 points to 826.84,while Nasdaq composite lost 7 points, or about 0.5% to 1534.36. The US markets will be closed today for President’s Day.
