Mumbai: Benchmark indices continued to fall on Monday Sensex It lost 227 points in early trade as investors remained cautious amid unabated selling by overseas funds and rise in crude oil prices.
30-share BSE Sensex was trading 226.7 points lower at 55,542.53 points. Comprehensive NSE nifty 67.05 points fell to 16,517.25.
Tech Mahindra, Asian Paints, Sensex pack WiproHindustan Unilever Limited, Bajaj Finserv, InfosysTata Steel and Titan were the biggest laggards.
Conversely, M&M and Axis Bank remained in profit.
Elsewhere in Asia, markets in Tokyo, Shanghai and Hong Kong were trading in the green.
The US stock markets closed with a fall on Friday.
“Market mood has turned a little cautious with better-than-expected US jobs data (3.90 lakh jobs) in May. This good economic news is negative from a market perspective as it means the Fed is aggressive without bothering about a A possible slowdown is likely to tighten.
VK Vijayakumar, Chief Investment Strategist, Geojit, said, “For India, rising crude oil prices and a trade deficit of $23 billion in May are a matter of concern. Even though FPI sales have come down in early June, they are a matter of concern. Can sell more at higher levels.” Financial Services said.
On Friday, the BSE Sensex was down 48.88 points, or 0.09 per cent, at 55,769.23. The NSE Nifty closed at 16,584.30, down 43.70 points or 0.26 per cent.
Meanwhile, international oil benchmark Brent crude jumped 0.79 per cent to USD 120.63 per barrel.
Foreign institutional investors sold shares worth a net Rs 3,770.51 crore on Friday, according to stock exchange data.
30-share BSE Sensex was trading 226.7 points lower at 55,542.53 points. Comprehensive NSE nifty 67.05 points fell to 16,517.25.
Tech Mahindra, Asian Paints, Sensex pack WiproHindustan Unilever Limited, Bajaj Finserv, InfosysTata Steel and Titan were the biggest laggards.
Conversely, M&M and Axis Bank remained in profit.
Elsewhere in Asia, markets in Tokyo, Shanghai and Hong Kong were trading in the green.
The US stock markets closed with a fall on Friday.
“Market mood has turned a little cautious with better-than-expected US jobs data (3.90 lakh jobs) in May. This good economic news is negative from a market perspective as it means the Fed is aggressive without bothering about a A possible slowdown is likely to tighten.
VK Vijayakumar, Chief Investment Strategist, Geojit, said, “For India, rising crude oil prices and a trade deficit of $23 billion in May are a matter of concern. Even though FPI sales have come down in early June, they are a matter of concern. Can sell more at higher levels.” Financial Services said.
On Friday, the BSE Sensex was down 48.88 points, or 0.09 per cent, at 55,769.23. The NSE Nifty closed at 16,584.30, down 43.70 points or 0.26 per cent.
Meanwhile, international oil benchmark Brent crude jumped 0.79 per cent to USD 120.63 per barrel.
Foreign institutional investors sold shares worth a net Rs 3,770.51 crore on Friday, according to stock exchange data.