Sensex, Nifty Pare Gains After Firm Start; Pharma, Banks In The Green

INSUBCONTINENT EXCLUSIVE:
After a firm start, the domestic stock markets turned negative in early trade on Monday.After a firm start, the domestic stock markets
turned negative in early trade on Monday
The SP BSE Sensex opened at 33,549.88 as compared to its last close of 33,349.31
The Nifty50 barometer of the National Stock Exchange (NSE) started at 10,078.10 against its previous close of 10,030
However, soon after, the markets turned negative and then flat
At 9:30 am, the 30-share Sensex traded at 33,378.65, up 29.34 points, or 0.09 per cent, while the 50-scrip Nifty was at 10,058.30, with a
gain of 28.30 points, or 0.28 per cent.Gaining between 6.54 per cent and 1.65 per cent, ICICI Bank, Indiabulls Housing Finance, Dr Reddy's
Laboratories, Sun Pharma and Axis Bank were the top Nifty gainers.At 8:54 am, China's Shanghai Composite Index was down 1.31 per cent and
Japan's Nikkei index traded at 0.09 per cent lower
However, Hong Kong's Hang Seng index was up 0.19 per cent.On Friday, US' SP 500 ended at its lowest level since early May, reported news
agency Reuters
The Nasdaq registered its biggest weekly drop since March 23 after confirming a correction earlier in the week
The Dow Jones Industrial Average fell 296.24 points, or 1.19 per cent, to 24,688.31, the SP 500 lost 46.88 points, or 1.73 per cent, to
2,658.69 and the Nasdaq Composite dropped 151.12 points, or 2.07 per cent, to 7,167.21.On Friday, foreign portfolio investors sold while
domestic institutional investors bought net equities of Rs 1,356.66 crore and Rs 1,875.89 crore respectively, showed provisional NSE data