Dynamite News Sensex drops over 150 pts; Nifty below 11,800
Domestic equity benchmark BSE Sensex fell over 150 points and the NSE Nifty slipped below the 11,800 mark in early trade.
Mumbai: Domestic equity benchmark BSE Sensex fell over 150 points and the NSE Nifty slipped below the 11,800 mark in early trade Monday tracking dragged down by losses in index heavyweight RIL, ITC and HDFC stocks.
The 30-share index was trading 175.29 points, or 0.44 per cent, lower at 39,276.78 at 0930 hours. Similarly, the broader NSE Nifty was quoting 50.20 points, or 0.42 per cent, down at 11,773.10.
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In the previous session on Friday, the BSE gauge settled 289.29 points, or 0.73 per cent, lower at 39,452.07, and the broader NSE Nifty tumbled 90.75 points, or 0.76 per cent, to close at 11,823.30.
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Meanwhile, foreign institutional investors sold equity worth Rs 238.64 crore, while domestic institutional investors bought shares to the tune of Rs 376.47 crore, provisional data available with stock exchanges showed on Friday. On the currency front, the Indian rupee depreciated 6 paise to 69.86 against the US dollar. (PTI)