Indian shares opened on a sluggish note Monday as caution crept in ahead of the Federal Reserve’s interest-rate decision due this week.
The benchmark S&P/BSE Sensex dropped 165 points, or 0.2 percent, to 81,968 in early trade while the broader NSE Nifty index was down 41 points, or 0.2 percent, at 24,727.
Tech Mahindra, Sun Pharma, Bharti Airtel, Titan Company and JSW Steel all were down around 1 percent.
Swiggy advanced 1.7 percent and Zomato added 1 percent after reports that a clarification on GST input tax credit will be announced soon.
Aurobindo Pharma rose 1.2 percent after receiving a positive opinion from the CHMP of the European Medicines Agency for Zefylti (BP13), a filgrastim biosimilar.
Bharat Forge gained more than 1 percent as it announced a €2.50-million investment to acquire a 25% equity stake in Italy-based Edgelab SpA.
Reliance Industries edged up slightly after buying a 74 percent stake in an industrial area developer situated in Mumbai.
Afcons Infrastructure jumped 6 percent on bagging a Rs. 1,007 crore metro rail project.
RITES rallied 2.6 percent on securing a contract worth Rs 297.67 crore from the Ministry of External Affairs (MEA).
Market Analysis
Sensex, Nifty Subdued As Investors Await Fed Decision
2024-12-16 04:18:30
