Sensex, Nifty gain strength amid volatility; HDFC, ITC lead
The market has opened lower on global weakness. The Sensex is down 39.46 points or 0.1 percent at 26995.04 and the Nifty is down 6.00 points at 8343.35. About 456 shares have advanced, 325 shares declined, and 147 shares are unchanged.
ONGC, GAIL, Asian Paints, Adani Ports and Tata Motors are gainers while Axis Bank, ICICI Bank, Wipro, Infosys and TCS are losers in the Sensex.
The Indian rupee opened higher by 13 paise at 68.05 per dollar on Monday against 68.18 Friday.
"We expect the rupee to trade with a negative bias, in a range of 68-68.50/dollar for the day." The yen strengthened against the dollar, currently trading below 114 to the dollar.
Asia markets were mixed on Monday, after a weekend dominated with Donald Trump inauguration headlines, including plans to possible renegotiate the North American Free Trade Agreement and abandon the Trans-Pacific Partnership (TPP) deal.