Sensex, Nifty open in negative territory today; Rupee falls 45 paise against US$

Tracking broadly negative cues in the global markets, the key equity indices opened in the negative territory on Monday. The wider Nifty50 traded at 11,546.65 points at 9:35 am, lower by 42.45 points or 0.37 per cent from its previous close.

Tracking broadly negative cues in the global markets, the key equity indices opened in the negative territory on Monday. Image source: Reuters

Tracking broadly negative cues in the global markets, the key equity indices opened in the negative territory on Monday. The wider Nifty50 traded at 11,546.65 points at 9:35 am, lower by 42.45 points or 0.37 per cent from its previous close.

The S&P BSE Sensex, which had opened at 38,348.39 points, traded at 38,213.84 points, lower by 175.98 points or 0.46 per cent than the previous close of 38,389.82 points.

The rupee also slumped to a fresh record low of 72.18 by falling 45 paise against the US dollar on strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat jobs data.

The top gainers are Axis Bank and Infosys shares while, Kotak Mahindra Bank, Sun Pharma and Indiabulls Housing have lost the most. After announcing Shikha Sharma as the successor, Axis Bank's shares are higher.

Meanwhile, Asian shares also started the week in the red today, faltering for the eighth straight day while the dollar climbed as US President Donald Trump raised the stakes in the heated trade dispute with China.

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Japan`s Nikkei opened lower but quickly pared losses after revised second-quarter gross domestic product data showed the world`s third-biggest economy grew at its fastest pace since 2016, said Reuters report.

Chinese shares weakened, with the blue-chip index off 0.6 percent while Shanghai`s SSE Composite stumbled 0.4 percent. Hong Kong`s Hang Seng index slipped 0.8 percent, the report said.

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