NEW DELHI: On back of a week that saw the Street surge to all-time high levels, equity markets on Monday opened flat on back of muted cues from Asian bourses.
30-share BSE Sensex was up more than 100 points in pre-opening trading but flattened at the opening bell. At 9.28 am, the index had slipped 30 points in the red, and testing the psychological mark of 36,500. The broader 50-share NSE Nifty lost the 11,000-mark and was down 0.25 per cent.
Asian shares were lower on Monday after data from China showed the world’s second-largest economy slowed slightly in the second quarter, and as investors remain cautious over the impact of the heated Sino-US trade war.
Among sectors, IT and FMCG sub-indices were in the green on Monday while all the others were losing, with Nifty Pharma bleeding at more than 2 per cent.
Infosys,
Hindustan Unilever and HDFC were gaining the most in a market that seems to be staring at some correction.
