Nifty opens below 8350, Sensex weak; Axis, ICICI, Infosys fall
The market has opened lower on global weakness. Share Market Tips The Sensex is down 39.46 points or 0.1 percent at 26995.04 and the Nifty is down 6.00 points at 8343.35. About 456 shares have advanced, 325 shares declined, and 147 shares are unchanged.
ONGC, GAIL, Asian Paints, Adani Ports and Tata Motors are gainers while Axis Bank, ICICI Bank, Wipro, Infosys and TCS are losers in the Sensex.
The Indian rupee opened higher by 13 paise at 68.05 per dollar on Monday against 68.18 Friday.
Asia markets were mixed on Monday, after a weekend dominated with Donald Trump inauguration headlines, including plans to possible renegotiate the North American Free Trade Agreement and abandon the Trans-Pacific Partnership (TPP) deal.
Free Intraday Tips Crude prices remained steady as Saudi Arabia, Venezuela stressed world energy interdependence. It shrugged off a vow by President Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad.
Gold prices are holding on to their gains and are currently trading above 1200 dollar an ounce.