The Market has opened in red as exit polls of Delhi Assembly election indicate that BJP may not get majority to form government.. The Sensex is down 151.41 points or 0.5 percent at 28566.50. The Nifty slips 75.70 points or 0.9 percent at 8585.35. About 93 shares have advanced, 196 shares declined, and 127 shares are unchanged.
Tata Steel, Sesa Sterlite, Tata Power, BHEL and Tata Motors are losers in the Sensex.
The Indian rupee has breached 62 per dollar mark in early trade on Monday, down 31 paise compared to Friday's closing value of 61.69 a dollar.
The spot rupee started the week on a gloomy note ahead of GDP data amid appreciation of the US dollar on expectations of rate cut by midyear.The domestic currency opened lower by 29 paise at 61.99 as against the US dollar.Now, the Indian currency is quoted at 61.98 - down 28 paise.
US markets too ended on a weak note on Friday despite a positive jobs report. The US ten year bond yields soared to 1.95 percent and the dollar index shot past the 94 mark.
Stocks closed down on Friday amid continued concerns over Greece and a strong jobs report that renewed the possibility of an earlier fed rate hike. The CBoE volatility index edged higher to trade near 18.
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