• Source:JND
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Stock Market:  The domestic benchmark indices declined in the early trading hours on Monday.  Sensex, the index of the top 30 shares on BSE,  traded below the 79,457 level, down 345 points in morning trade. Nifty, the index of the top 50 stocks on the NSE, dell by 76 points to trade below 24,054. ONGC, Eicher Motors, Cipla, Reliance and HDFC Life were the top losers from Nifty. 

However, the market showed some resilience, scrapping the heavy loss to trade flat. At around 10:02 am, the Sensex was at 79,698.40, down 0.13 per cent, while the Nifty was at the level of 24,119.90, down 0.05%.

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IndusInd Bank, Larsen & Toubro, HDFC Bank, Tata Consultancy Services, Bajaj Finance, Reliance Industries, NTPC, and Hindustan Unilever were the biggest laggards in the 30-stock Sensex pack. Maruti, UltraTech Cement, Adani Ports, and Tata Motors were among the top gainers.

According to data released on Friday, India's economic growth slowed to a nearly two-year low of 5.4 percent in the July-September quarter of this fiscal year due to poor performance in manufacturing and mining as well as weak consumption, but the economy remained the fastest-growing major economy.

According to exchange data, foreign institutional investors sold equities worth Rs 4,383.55 crore on Friday. In Asian markets, Seoul traded lower, while Tokyo, Shanghai, and Hong Kong were more expensive.

The global benchmark Brent crude rose 0.56 percent to $72.24 per barrel. The benchmark BSE rose 759.05 points, or 0.96 percent, to 79,802.79 on Friday. The Nifty rose 216.95 points, or 0.91 percent, to 24,131.10.

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