• Source:JND
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Stock Market: Indian domestic equity benchmark equity indices Sensex and Nifty started trading higher on Monday but soon turned negative amid fresh foreign capital inflows and caution ahead of the earnings season that begins this week. In early trade, the 30-share BSE benchmark Sensex rose 296.94 points to 79,520.05. The NSE Nifty rose 85.2 points to 24,089.95 However, both benchmark indices turned negative later and were trading lower. 

Bajaj Finance,  HCL Tech, Titan, Infosys, Tech Mahindra, andTata Consultancy Services  were the biggest gainers among the 30-share blue chip pack. While, Kotak Mahindra Bank,  Power Grid, Tata Steel, and Asian Paints were among the laggards.

In the Asian market, Seoul trades higher while Tokyo, Hong Kong, Shanghai  were trading in red. According to exchange data, foreign institutional investors sold equities worth Rs 4,227.25 crore on Friday. Global benchmark Brent crude fell 0.21 per cent to USD 76.35 a barrel.

The BSE benchmark on Friday closed 720.60 points, or 0.90 per cent, lower at 79,223.11. The Nifty fell 183.90 points, or 0.76 per cent, to 24,004.75.

The rupee slipped to 85.79 against the US dollar on Monday as positive domestic equity market sentiment failed to boost sentiment amid continued foreign capital outflows and higher levels in the American currency index.

(With Agencies Inputs)