Markets have showcased a partial recovery in the morning trades on the back of buying visible in the IT and FMCG heavyweight pockets. The Sensex is now down 43 points at 17,477 and the Nifty has shed 20 points at 5,297. In the opening deals, the Sensex touched the low of 17,412.
IT belweather Infosys and TCS are among the top gainers on the Sensex and from the FMCG space ITC and Hindustan Unilever are among the gainers. Among the other heavyweights, Tata Motors, ONGC, ICICI Bank and Gail India are also trading higher.
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(Updated at 9:20 AM)
Markets have opened lower in trades today tracking the weakness in the global markets and lower than expected US jobs data which was announced on Friday post the market hours. The Sensex has opened lower by 105 points at 17,416 and the 50-share Nifty has shed 30 points to open at 5,287 levels.
The Asia th markets were trading lower after poor US jobs data reinforced concerns about flagging global growth, while domestic industrial machinery makers suffered losses on falling orders. Japan's Nikkei was down nearly 1% or 76 points at 8,645. Hang Seng and Shanghai Composite were also trading lower by 1.5% each.
Meanwhile, China's annual consumer inflation cooled to 2.2% in June, from May's 3.0%, official data showed on Monday, giving Beijing more scope to ease monetary policy to support growth without stoking upward price pressures.
Back home, most of the heavyweight stocks have opened lower. Jindal Steel is the top loser among the Sensex stocks. HDFC Bank, Hindalco, Tata Power, Sterlite Industries, Tata Steel, Hero MotoCorp, Reliance Industries, Coal India, Maruti Suzuki and Bajaj Auto have opened lower by 1-1.2% each.
On the other hand, TCS, Gail India and Hindustan Unilever are among the notable gainers.
Metal stocks are worst hit in the opening deals. The BSE metal index is the top sectoral loser, down 1.2% or 130 points at 10,872. Power, capital goods, bankex, auto, PSU, healthcare, oil & gas and realty indices have also weaker by 0.2-1% each. At the same time, FMCG and IT indices are trading marginally higher.
The broader markets are in-line with the benchmark indices. The BSE mid-cap index has shed 0.5% or 32 points at 6,282 and the small-cap index is down 19 points at 6,802.
Among the individual stocks, Indraprastha Gas Ltd has opened higher by 3.1% at Rs 249 the company increased the CNG prices in the Delhi NCR.
The overall breadth is negative as 742 stocks are declining while 625 are advancing.
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