Sensex weak, Midcap outperforms; FMCG, infra, banks stocks gain
Equity benchmarks continued to see volatility in morning trade after investors digested Brexit in last Friday's trade. FMCG, infra, select banks and pharma stocks gained while technology, auto and metals stocks were under pressure
The 30-share BSE Sensex fell 50.49 points to 26347.22 and the 50-share NSE Nifty declined 14.40 points to 8074.20 while the broader markets outperformed benchmarks.
Sell-off continues on Dalal Street Monday. The Sensex is down 61.89 points or 0.2 percent at 26335.82, and the Nifty down 49.25 points or 0.6 percent at 8039.35. About 269 shares have advanced, 209 shares declined, and 40 shares are unchanged.
ITC, Lupin, Tata Motors, Sun Pharma and Cipla are top gainers while Infosys, Asian Paints, TCS, Hero and NTPC are losers in the Sensex.
The Indian rupee opened lower by 12 paise at 68.08 per dollar on Monday versus 67.96 Friday. Pound extended its sell-off near a 31-year low as the fallout from the UK's vote to exit the European Union stoked anxiety among investors around the world.