Sensex Falls 150 Points, Nifty Below 17,350; HCL Tech & ICICI Bank Top Losers

Mon, 13 Sep 09:30 am

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Asian share markets opened lower today as investors sought to lock in profits following recent rallies, with losses on Wall Street also weighing on the market.

The Hang Seng plunged 2.1%, while the Shanghai Composite is trading on a flat note. The Nikkei is trading down by 0.3%.

In US stock markets, Wall Street indices finished lower on Friday as doubts about the resilience of the global economic recovery hurt former reopening darlings in energy, hotels and travel.

Data on Friday showed US producer prices increased solidly in August, leading to the biggest annual gain in nearly 11 years. The reading sent the benchmark US 10-year Treasury yield higher.

The Dow Jones Industrial Average ended down by 270 points, or 0.8%. The index was down for a fifth straight day and shed 2.2% last week, a second consecutive week of decline for the index.

Meanwhile, the Nasdaq Composite ended down by 133 points or 0.9%. It declined 1.6% for the week.

Back home, Indian share markets have opened on a negative note.

The BSE Sensex is trading down by 149 points. Meanwhile, the NSE Nifty is trading lower by 41 points.

HDFC and Maruti Suzuki are among the top gainers today. HCL Tech, on the other hand, is among the top losers today.

The BSE Mid Cap index and the BSE Small Cap index have opened up by 0.1% and 0.3%, respectively.

Sectoral indices are trading mixed with stocks in the metal sector and FMCG sector witnessing buying interest.

Oil & gas stocks and banking stocks, on the other hand, are trading in red.

Shares of Hindalco and NALCO hit their 52-week highs today.

The rupee is trading at 73.58 against the US$.

Gold prices are trading up by 0.2% at Rs 46,896 per 10 grams.

Meanwhile, silver prices are trading down by 0.3% at Rs 63,392 per kg.

Gold is subdued today as the dollar held firm, while cautious investors awaited readings on US consumer prices due this week.

Crude oil prices climbed to a one-week high today as concerns over US supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand.

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