INSUBCONTINENT EXCLUSIVE:
BSE Sensex, Nifty: IT stocks bucked the negative trend amid a weaker rupee.The domestic equity markets traded in the negative in a volatile
session after a positive opening, ahead of the release of key macroeconomic data on Monday
At 2:02 pm, the SP BSE Sensex traded at 34,918.08, down 240.47 points or 0.68 per cent and the Nifty index of the National Stock Exchange
(NSE) was at 10,514.95, with a loss of 70.25 points or 0.66 per cent
Forty out of 50 Nifty stocks traded in the negative
Losing between 6.34 per cent and 3.04 per cent, the top five Nifty losers were Hindustan Petroleum, Tata Motors, Hindalco, Indian Oil, and
Hero MotoCorp.All the sectoral indices traded with losses led by banks, auto and metal stocks
IT stocks bucked the negative trend as the Nifty IT index (up 1.15 per cent) was the only sectoral gainer amid a weaker rupee.Several
factors, including the uncertainty around liquidity of non-banking financial companies, upcoming elections and ongoing corporate earnings,
are bound to keep the market volatile, Siddharth Sedani, head of equity advisory at brokerage firm Anand Rathi, was quoted as saying in a
report by news agency Reuters.India VIX - which gauges volatility in stock market - was up 8.24 per cent, indicating high volatility in the
Street.October retail inflation and factory output data for September will be released later in the day.On Friday, foreign portfolio
investors purchased net equites worth Rs 614.14 crore, showed provisional NSE data
In the last session, the Sensex had closed at 35,158.55, down 79.13 points or 0.22 per cent and the Nifty had settled at 10,585.20 with a
loss of 13.20 points or 0.12.Meanwhile, Asian shares fell as soft Chinese economic data and falling oil prices rekindled anxiety about the
outlook for world growth, reported news agency Reuters.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.17 per cent in
Australian shares were down 0.08 per cent, while Japan's Nikkei stock index eased 0.12 per cent.In the commodities market, oil prices rose
by about one per cent after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that
had seen crude decline by 20 per cent since early October
