Sensex, Nifty Open Lower In Cautious Trade


(RTTNews.com) - Indian shares fell in early trade on Monday, with rising oil prices, concerns over fiscal deficit and mixed earnings results keeping investors nervous.

The benchmark BSE Sensex was down 150 points or 0.42 percent at 35,859 in opening deals, while the broader Nifty index was down 47 points or 0.44 percent at 10,747.

J&K Bank rallied nearly 2 percent on reporting a 43 percent rise in Q3 net profit.

IDFC Bank slid half a percent after changing its name to IDFC First Bank.

Yes Bank climbed 1.5 percent as it appointed Brahm Dutt as non-executive part-time chairman.

Axis Bank dropped 1.6 percent and ITC shed 1 percent on reports the Finance Ministry may sell part of its stake in the companies, held through SUUTI.

Avenue Supermarts slumped 9 percent after the firm reported its slowest net profit growth in eight quarters.

Tata Motors fell over 1 percent on reporting a 14 percent drop in group global wholesales for December.

Infosys jumped 2.8 percent after posting in-line results for the third quarter ended December.


Read the original article on RTTNews (http://www.rttnews.com/2969033/sensex-nifty-open-lower-in-cautious-trade.aspx)

For comments and feedback: contact editorial@rttnews.com




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.