Last updated: Sep 18, 2023 2:55 PM IST
Sensex today: Domestic stock markets traded nervously on Monday amid weak signals from their global counterparts. The S&P BSE Sensex, which started over 250 points lower, was hovering less than 100 points lower at 67,775.
The NSE Nifty 50, on the other hand, tested the 20,200 level.
Among individual stocks, Infosys, HDFC Bank, Ultratech Cement, Tech M, Kotak Bank, Reliance Industries, HCL Tech, Bharti Airtel, Wipro, ICICI Bank and Axis Bank were the top laggards.
The broader indices performed better, with the BSE MidCap and SmallCap indices rising 0.02 per cent and 0.03 per cent respectively.
The volatility index, India VIX, rose 2.5 percent.
In terms of sectors, the Nifty PSU Bank index rose 4 percent, followed by the Nifty Auto index (up 1 percent).
Global signals
On Friday, the US market ended with significant losses as Treasury yields rose another 3 basis points to 4.32 percent ahead of the Fed meeting. The Dow Jones fell 0.8 percent, while the S&P 500 and Nasdaq fell 1.2 percent and 1.6 percent, respectively.
Asian shares got off to a cautious start on Monday after a week of central bank meetings, including the Federal Reserve and the Bank of Japan, which will be closely watched for the global interest rate outlook.
The US dollar and most major currencies were flat in early trading on Monday, save for a dip in sterling, after a Japanese holiday and a series of upcoming central bank meetings sucked the air out of markets.
