Sensex down 75 pts ahead of WPI
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The BSE benchmark Sensex today fell by almost 75 points in opening trade due to increased selling by participants ahead of September WPI inflation data and second quarter earnings by Reliance Industries.
The 30-share index, which had lost 129.57 points in the previous session, fell by 74.52 points, or 0.39 per cent, to 18,600.66, led by stocks of auto and banking sectors.
Similarly, the wide-based National Stock Exchange Nifty Index shed 25 points, or 0.44 per cent, to 5,451.05.
Brokers said participants adopted a cautious approach and trimmed their positions ahead of wholesale inflation data for September, to be released later in the day and Q2 earnings by Reliance Industries, which has significant influence over 30-share Sensex.
A weak trend in the Asian region also had its impact on the trading sentiments, they added.
Meanwhile, in Asian region, Japan's Nikkei was down by 0.03 per cent, while Hong Kong's Hang Seng index shed 0.23 per cent in opening trade today.
Indian stocks to watch-Oct 15
GLOBAL MARKETS ROUNDUP
Nifty futures on the Singapore Exchange fell 0.3 percent. The MSCI-Asia Pacific index excluding Japan was down 0.3 percent.
U.S. stocks wrapped up their worst week in four months, led lower on Friday by financial shares as results from Wells Fargo and JPMorgan ignited concerns about shrinking profit margins for big lenders.
Asian shares eased on Monday as growth concerns prevailed ahead of the third- quarter corporate earnings season.
FACTORS TO WATCH
Wholesale price inflation for September is expected to have risen to 7.70 percent from a year ago. (Around 0600 GMT)
Major earnings on Monday: Reliance Industries, Axis Bank
INDIAN STOCKS TO WATCH NOTE:
India's finance minister called on Saturday for the country's central bank to take calibrated risks to support the struggling economy as a reciprocal measure to government fiscal efforts.