Live: Nifty slips below 10,700 market dragged by auto and IT stocks
Morning Update: Nifty slips below 10,700 market dragged by auto and IT stocks
The benchmark index NSE Nifty50 were trading at 10,673 with a loss of 51 points on Monday. Domestic equity key index Nifty slipped into the red after a largely flat start, as investors turned cautious ahead of RBI’s board meet. Sectoral wise, Auto and IT sector dragged the index lower however some advances in Realty and PSU Bank sector kept the downside in check.
Asian markets ticked higher on Monday as investors looked forward to the continuation of trade talks between Chinese and American officials in Washington this week.
The domestic currency were trading lower by 18 paise at 71.40 per dollar versus Friday’s close 71.22
FII & DII Deets
In Friday’s trading session, FIIs sold 966 crores stock in cash whereas DIIs bought 853 crores worth of stock. In the derivative market, FIIs sold 1054 crore of Index futures and sold 618 crores worth of Index options. In the Stock futures segment, FIIs bought 131 crores worth of stock futures and bought 427 crores stock options.
RBI Board Meet
Finance Minister Arun Jaitely will address the customary post-budget meeting of the central board of the Reserve Bank on Monday.
Top News Of The Day
Larsen & Toubro Stops Disclosing Order Size
- Larsen & Toubro has changed its practice of disclosing order details to keep competitors from gauging its pricing strategy — a development that is a statement to the intensity of competition in the sector.
IOC Ltd Gets Green Nod
- The Expert Appraisal Committee under the Environmental Ministry has given “green signal” to Indian Oil Corporation Ltd for setting up a grass root petroleum storage and distribution terminal in Telangana.
Welcome to the live coverage of all the Intraday actions. Track this space for all the news, views and updates from the market