the red mark market

Stock market benchmark indices opened lower on Monday’s, tracking global cues bringing to light the global trade spat and as the attention shifts to the Federal meet. 

At 9.45am, the benchmark BSE Sensex is down 163.56points at 39288.51, with Vedanta, Reliance, TataSteel, TataMotors and AxisBank among the top losers. The NSE Nifty50 down 55.40points at 11767.90 with Tata Steel, Grasim, Reliance and JSW Steel were among top losers.

Among the sectors, except Nifty IT, all other sectoral indices are trading in the red with major falls in Nifty metal which falls 1.45% with losses in JSW Steel, SAIL, APL Apollo, Vedanta, Tata steel and Jindal Steel were losing 1.45% to 2.73% in range.

Meanwhile, Indian rupee was opened lower 69.86, down by 6ps as against its last close of 69.8/USD.

On commodity, Crude oil price rose with Brent futures up by 0.4pc to USD62.28 per barrel. US WTI crude futures were also up 0.4pc, at USD52.69 a barrel.