Mumbai: Stock markets are on a steady climb following previous year’s trend when Sensex touched record 14,000 mark. Notwithstanding the everyday rise and fall, it may be correct to say that it's indeed boom time for investors.
On Monday Sensex slipped by 91 points in opening trade to quote at 13,768.82 in the first five minutes of trade on Bombay Stock Exchange. Stockbrokers said selling by funds was mostly attributed to reports of weakening global trends.
National Stock Exchange index, Nifty, quoted 26.55 points down at 3,956.85.
The major losers were Larsen and Toubro, Infosys Technologies, Satyam Computers, ICICI Bank, HDFC Bank, HDFC Ltd, Hindustan Lever, ITC Ltd, Reliance Industries, Reliance Energy and Ranbaxy.
The gainers in the opening trade were Tech Mahindra, Bajaj Hindustan, Balrampur Chini, Shakti Sugar, Gitanjali Gems and Tanla Solutions. However, Bajaj Auto, Reliance, HDFC Bank, Infosys, TCS, M&M, Satyam, ACC, BHEL, Grasim were trading lower.
Asian markets were trading lower, Japan's Nikkei tumbled 1.51 per cent or 262.08 points at 17,091.59, Hong Kong's Hang Seng fell 1.49 per cent or 301.49 points at 19,909.79, Taiwan's Taiwan Weighted was down 0.99 per cent or 77.68 points at 7,757.89, Singapore's Straits Times plunged 1.11 per cent or 33.72 points at 2,995.32 and South Korea's Seoul Composite was down 1.01 per cent or 14.06 points at 1,371.7.
Market cues:
- FIIs net buy Rs 55.49 crore (Rs 554.9 million) in equity on January 5
- MFs net sell Rs 21.4 crore (Rs 214 million) on January 4
- NSE F&O Open Interest up by Rs 1,705 crore (Rs 17.05 billion) at Rs 51,046 crore (Rs 510.46 billion)
With inputs from moneycontrol.com
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