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The S&P BSE Sensex slipped over 100 points in morning trade on Monday, led by losses in Infosys, HDFC, ONGC, TCS, Tata Motors, and HDFC Bank.The Nifty50 was down below its crucial psychological level of 7,750, weighed down by losses in IT, metal, oil & gas, and realty stocks.
Indian shares posted their third straight weekly loss on Friday after earlier hitting an over six-week low due to disappointment over second-quarter earnings as well as concerns over rising foreign investor outflows.Coal India bucked broader market trend to gain 2.9 percent ahead of its September quarter earnings. The company is expected to post a 25 percent rise in quarterly profit.
The S&P BSE Sensex slipped over 100 points in morning trade on Monday, led by losses in Infosys, HDFC, ONGC, TCS, Tata Motors, and HDFC Bank.The Nifty50 was down below its crucial psychological level of 7,750, weighed down by losses in IT, metal, oil & gas, and realty stocks.
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