Sensex, Nifty Trade in a Narrow Range After Mixed Cues From Asia

Sensex, Nifty trade flat-to-negative following mixed cues in Asian markets.

1 min read
People walk pass the Bombay Stock Exchange (BSE) building displaying India?s benchmark share index on its facade, in Mumbai. (Photo: Reuters)

Benchmark indices opened flat and the BSE Sensex traded in a range on Monday tracking mixed gains seen in other Asian markets.

The Nifty managed stay above its crucial psychological level of 7,850.

Shares of Vedanta, GAIL slipped up to 2 per cent in trade while those of Adani Ports, Asian Paints and SpiceJet gained up to 3 per cent.

The broader market outperformed the becnhmark indices with the BSE midcap and BSE smallcap indices gaining 0.28 and 0.65 per cent in trade. Among the sectoral indices, the BSE Consumer Discretionary index was the top gainer, up 0.85 per cent.

The rupee fell by 4 paise to 66.23 against the US dollar on Monday in contrast to the gains seen in other Asian currencies.

The domestic currency had settled at 66.19 to the dollar on Friday at the Interbank Foreign Exchange as the dollar remained steady in the overseas market.

Most other Asian markets traded with steady gains. Japan’s Nikkei was up 0.10 per cent while South Korea’s Kospi was trading higher by 0.8 per cent. Hong Kong’s Hang Seng index was up 0.08 per cent while mainland China’s Shanghai Composite traded higher 0.39 per cent.

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