Sensex falls 100 pts, Nifty holds 8100; Laurus Labs surges 14%
Equity benchmarks opened flat with a negative bias on Monday due to lack of global as well as local cues. Banking & financials, healthcare and FMCG stocks were under pressure while metals stocks gained.
The 30-share BSE Sensex was down 36.83 points at 26452.73 and the 50-share NSE Nifty fell 13.45 points to 8126.
HDFC, Tata Motors, HDFC Bank, Axis Bank, Asian Paints, SBI and Sun Pharma fell 0.4-1 percent while Reliance Industries, Dr Reddy's Labs, Coal India and Bharti gained.
The Indian rupee has opened lower by 5 paise at 67.81 per dollar on Monday against Friday's closing value of 67.76 a dollar.
According to him, the USD-INR pair is expected to trade in a range of 67.50-68/dollar for the day.
The dollar slipped below the 103 mark as profit-taking halts the momentum of the greenback's rally. Asian markets were mixed with the Hang Seng falling 0.8 percent while Australia's ASX 200 rising 0.7 percent. US stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains.