Indian Market: Sensex down by 641 pts
Mumbai/UNI: The Indian equity market on Monday tumbled down as the BSE Sensex fell by 641 points to 30,518.13 in opening trade on weak global cues.
The extension of lock down till April 30 too dented the sentiments of the investors.
The nifty of national stock exchange too declined by 182.95 points to 8928.95.
The nifty recorded intra day high and low at 9112.05 and 8912.40 points respectively.
Though the Sensex opened marginally higher by 36 pts to 31,195.72, it immediately went down.
The sensex registered intra days high and low at 31,195.72 and 30,474.15 pts respectively.
The sectoral indices that dragged the market were realty, finance, auto and consumer durable.
In scrips, Bajaj finance, M and M, Titan and Maruti Suzuki dropped in early trade.
The losers were Bajaj finance by 7.54 per cent to Rs 2358.30, M and M by 6.18 per cent to Rs 357.65, Titan by 6.15 per cent to Rs 953, ONGC by 5.76 per cent to Rs 72.85 and Maruti Suzuki by 4.80 per cent to Rs 5060.60.
The gainers were IT by 1.56 per cent to Rs 647.55, Bhart Airtel by 1.48 per cent to Rs 496.30, L and T by 1.30 per cent to Rs 823.60 and Sun Pharma by 1.20 per cent to Rs 460.65.
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 after major oil producers reached a deal for a record 10 million barrels per day output cut to support oil prices amid the pandemic. Brent crude futures rose over five per cent to 33.19 US dollars a barrel.
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