Indian Stock Market Tips:- Sensex opens 500 pts down, Nifty above 10,500; Kotak Mahindra slumps 3%
Share market LIVE updates: The headline indices- Sensex and Nifty- opened lower tracking weak global and domestic cues, as a sell-off witnessed in US equities, and state election results weigh. The 30-share Sensex plunged 542 points to hit the day's low at 35,111.354.
Share market LIVE updates: The headline indices- Sensex and Nifty- opened lower tracking weakly
global and domestic cues, as a sell-off witnessed in US equities, and state election results weigh. The 30-share Sensex plunged 542 points to hit the day’s low at 35,111.354, while the Nifty 50 slumped below 10,550 level. Kotak Mahindra Bank shares slumped 3% to Rs 1,242, reversing gains made on Friday after CNBC TV18 reported that Warren Buffett is eyeing a 10% stake in the bank. However, the bank clarified later on Friday that it was not aware of Berkshire’s plans. Wall Street stocks closed sharply lower on Friday, as a weaker than expected jobs report and US-China trade tensions weigh. The SGX Nifty was trading 115.50 points lower, indicating a lower opening for Sensex and Nifty.
Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed on a supply cut of 1.2 million barrels per day (bpd) from January. International Brent crude oil futures were at $62.15 per barrel at 0129 GMT, up 48 cents, or 0.8 percent, from their last close, Reuters reported. We take a look at live updates.
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