markets ticked lower on Monday amid weak global cues and the buzz of a lockdown extension beyond April 14.
Among headline indices, the S&P BSE Sensex dipped 660 points, or 2.08 per cent, to 30,500 levels and the Nifty50 index hovered around 8,920 levels, down 188 points. Bajaj Finance (down 7%), Mahindra & Mahindra (down 6%), and Titan (down 5%) were the top laggards while Bharti Airtel jumped 2 per cent. Zee Entertainment, on the other hand, dipped 10 per cent. READ MORE
Majority of the Nifty sectoral indices were in the red, led by Nifty Auto index, down 2 per cent. On the other hand, Nifty Pharma index was up 1.8 per cent.
And, in the end, let’s have a look at global cues for today’s trade. The US Futures and Asian stocks were largely lower in Monday’s early deals. Japan’s Nikkei and South Korea’s Kospi slipped over 0.5 per cent each.
In commodities, oil jumped on Monday after major oil producers reached a deal for a record 10 million barrels per day output cut to support oil prices amid the pandemic. Consequently, Brent crude futures rose over 5 per cent to $33.19 a barrel early Monday.
(with inputs from Reuters)