FIRST TRADE: Sensex down over 463 pts; Nifty below 19,550 amid Middle East crisis
Stock market today: Last seen, both indices were down 0.67 per cent: the S&P BSE Sensex was down 439.5 points, at 65,556.13 and the NSE Nifty was down 131.6 points at 19,521.9.
Stock market today: Domestic equity indices on Monday, October 9, opened lower as rising US rate concerns after strong jobs data and a surge in oil prices due to military conflict in the Middle East weighed on sentiment. Barring IT, all indices on the sectoral front traded in red.
Last seen, both indices were down 0.67 per cent: the S&P BSE Sensex was down 439.5 points, at 65,556.13 and the NSE Nifty was down 131.6 points at 19,521.9.
In the broader market, the Nifty Mid Cap 100 and Small Cap 100 fell over 1 per cent.
Nifty Bank was down 1.03 per cent at 43,903.55.
BUZZING STOCKS
Multi Commodity Exchange (MCX) shares rose over 3 per cent on BSE after market regulator SEBI lifted the ban on new software of MCX after the recommendation of the Technical Advisory Committee.
Prestige Estates shares were up over 2 per cent after the group achieved record-breaking sales in Q2.
Kaynes Technologies stock was up over 2 per cent after the company entered into a Memorandum of Understanding (MoU) with the government of Telangana for setting up of Outsourced Semiconductor Assembly and Testing (OSAT) and Compound Semiconductor manufacturing facility in the State (Telangana).
Solar Industries shares were up over 1 per cent after the company received order worth Rs 1,853 crore from Coal India.
Conversely, IRFC shares were down over 5 per cent after BSE to revise the price band from 10 per cent to 20 per cent.
BPCL shares were down over 2 per cent after crude oil prices surged.
GLOBAL MARKETS
U.S. stock futures slid in Asia on Monday as the military conflict in the Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week.
Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds and the safe harbours of Japanese yen and gold, with the euro the main loser.
(With agency inputs)
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