Top gainers and losers on S&P BSE Sensex NIFTY SLIPS BELOW 10,700; DISH TV INDIA HITS 10-YEAR LOW
Benchmark indices are trading nearly 1 percent lower weighed down by PSU bank and pharmaceutical stocks.
After a heavy beating in the previous session, ZEE Entertainment Enterprises ((ZEEL) rallied in the early trade on Monday as brokerages gave 'BUY' rating on the stock, despite the uncertainties related to promoter pledges and stake sale to reduce promoter debt. Since Friday, the management has tried to allay investor concerns and held meetings with the stakeholders and analysts. In the early trade, ZEE Entertainment Enterprises jumped as much as 14.29 percent to Rs 365 apiece on BSE
Shares of Dish TV India hit a 10-year low of Rs 19.10 apiece, down 15 percent on the National Stock Exchange (NSE) in the intra-day trade on Monday, despite clarification that the company had no dealings whatsoever with Nityank Infrapower and Multiventures Ltd, as per the media reports. Today, the stock was up 11 percent at Rs 24.80, corrected nearly 23 percent. It was trading at its lowest level since January 28, 2009.
In the broader market, S&P Midcap index was trading 63 points or 0.43 percent lower at 14,618, while S&P BSE SmallCap index was ruling at 13,954, down 45 points or 0.32 percent.
The rupee opened 17 paise higher at 71 against the US dollar on Monday amid a decline in crude oil prices.
Global Markets
Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the US government following a prolonged shutdown that had shaken investor sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.2 percent. South Korea's KOSPI edged up 0.2 percent, New Zealand stocks were up a touch, while Japan's Nikkei bucked the trends and eased 0.2 percent.
Oil Prices
US spot crude oil futures were at $53.37 per barrel, down 32 cents, or 0.6 percent, from their last settlement. International Brent crude oil future was at $61.37 a barrel, down 27 cents, or 0.4 percent.
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