NEW DELHI: The S&P BSE Sensex slipped over 100 points on Monday tracking the losses seen in other Asian markets in the aftermath of the Paris attacks as well weak economic data at home. After dissapointing economic data last week, the market is looking ahead to WPI inflation data scheduled to be released later in the day.The Nifty50 was down below its crucial psychological level of 7,750, weighed down by losses in IT, metal, oil & gas, and realty stocks.

The borader market mirrored the losses seen on the benchmark indices with the BSE midcap and BSE smallcap indices trading lower by 0.4 and 0.6 per cent, respectively.The shares of Coal India slipped over 2 per cent after ralllying up to 2% in early trade, the company reported its Q2 earnings post market hours on Friday. Meanwhile, Vedanta, CIpla and Hindalco shares tumbled up to 4 per cent.

SH Kelkar stocks surged over 14 per cent on listing on the bourses at Rs 222 per share as against its issue price of Rs 180 per share.The rupee dropped 9 paise to 66.19 against the US dollar in early trade on Monday in line with most Asian currencies as markets opened for the first time since the deadly terror attacks in Paris over the weekend that killed 121 people and wounded 352 others.

The domestic currency had gained 21 paise to settle at 66.10 against the greenback on Friday amid heavy dollar selling by banks and exporters.
Most other Asian markets traded lower after the Paris attacks as well weak economic data emerging from China and Japan. Japan’s Nikkei shed a per cent in trade while South Korea’s Kospi was down 1.07 per cent. Hong Kong’s Hang Seng index was also down 1.82 per cent. China’s Shanghai Composite traded lower by 0.4 per cent.

Courtesy:http://economictimes.indiatimes.com/

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