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Global weakness drags Sensex 159 pts, Nifty below 10,700

Benchmark indices reversed half of Friday's gains to end the first session of the week lower by half a percent on Monday, dragged by global weakness due to trade tensions and political uncertainty in Germany.

The 30-share BSE Sensex fell 159.07 points to 35,264.41 and the 50-share NSE Nifty shed 57 points to 10,657.30. About 1,643 shares declined against 966 advancing shares on the BSE.

HDFC Bank, Reliance Industries, ITC, Tata Motors, Bharti Airtel, Adani Ports and NTPC were losers.

Nifty Midcap index fell 117 points.


 The Indian rupee corrected 26 paise to 68.73 against the dollar on demand for American currency.

SML Isuzu sold 1564 vehicles in June 2018 against 1320 vehicles in June 2017.

Shares of Godrej Consumer Products touched 52-week high of Rs 1,241.95, rising 1.4 percent as Macquarie maintained outperform rating with a target of Rs 1,285 per share.

Graphite India and HEG shares prices were locked at 5 percent upper circuit each for the second consecutive session after Macquarie initiated coverage on both.

TVS Motor Company sold 3.13 lakh units in the month of June 2018, a growth of 15 percent compared to 2.73 lakh units sold in year-ago month.

The crucial resistance for Nifty spot is now seen at 10790 and above this 10840. Support for the immediate term is now placed at 10550 next support will be 10410.

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