Sensex, Nifty start on a minus point; ONGC, Lupin highest losers
Benchmark indices opened on a negative note on Monday with nearly 22 out of 30 stocks trading in red on the BSE.
Market sentiment turned weak after MSCI said has plans to add China A-shares to its benchmark MSCI Emerging Markets Index. The index giant said it will add 222 China A Large Cap stocks in a phased manner beginning next year. The review is the fourth straight year MSCI has considered adding the mainland-traded stocks.
At 9.20 am, the BSE Sensex was trading 59 points, or 0.19 per cent, lower at 31,237.85.
State-run Uco BankBSE -1.01 % was trading 1.73 per cent lower on reports that it may require Rs 3,000-4,300 crore of tier 1 capital in the FY2018 and FY2019 to cover the losses for the last two years, rating company ICRABSE -0.86 % said, after downgrading the bank's bond programmes.
The Nifty 50 was trading 19 points, or 0.20 per cent, down at 9,634.40 with HCL TechBSE -1.32 % (down 1.43 per cent), ONGCBSE -2.07 % (down 1.27 per cent) and Vedanta (down 1.26 per cent) being the major drags on the index.
Midcap index was 10 points down at 14,834.64 with Page IndustriesBSE -1.39 % plunging over 1 per cent. On the other hand, ABB (up 2.45 per cent), Berger PaintsBSE 1.79 % (up 1.93 per cent) and BayerBSE 0.19 % Crop (up 1.65 per cent) were the top gainers.
The Smallcap index was up 9 points at 15,688.87 with shares of Castex Tech (up 14.54 per cent), Amtek AutoBSE 9.96 % (up 8.98 per cent), and NelcoBSE 8.57 % (up 8.36 per cent) surging up nearly 15 per cent.
The gains were dragged by shares of LITL (down 10 per cent), VirtualG (down 9.87 per cent) and Stampede (down 9.55per cent).
Shares of Monnet IspatBSE 7.67 % advanced 7.24 per cent to Rs 37.75 amid speculations that public sector Steel Authority of IndiaBSE -0.09 % Ltd (SAIL) may take over debt-ridden Monnet Ispat & Energy Ltd, Steel Minister Chaudhary Birender Singh has ruled out any such possibility.
Among sectoral indices, BSE Capital Goods (up 0.74 per cent) and BSE Realty (up 0.99 per cent) were the only gainers.
Market sentiment turned weak after MSCI said has plans to add China A-shares to its benchmark MSCI Emerging Markets Index. The index giant said it will add 222 China A Large Cap stocks in a phased manner beginning next year. The review is the fourth straight year MSCI has considered adding the mainland-traded stocks.
At 9.20 am, the BSE Sensex was trading 59 points, or 0.19 per cent, lower at 31,237.85.
State-run Uco BankBSE -1.01 % was trading 1.73 per cent lower on reports that it may require Rs 3,000-4,300 crore of tier 1 capital in the FY2018 and FY2019 to cover the losses for the last two years, rating company ICRABSE -0.86 % said, after downgrading the bank's bond programmes.
The Nifty 50 was trading 19 points, or 0.20 per cent, down at 9,634.40 with HCL TechBSE -1.32 % (down 1.43 per cent), ONGCBSE -2.07 % (down 1.27 per cent) and Vedanta (down 1.26 per cent) being the major drags on the index.
Midcap index was 10 points down at 14,834.64 with Page IndustriesBSE -1.39 % plunging over 1 per cent. On the other hand, ABB (up 2.45 per cent), Berger PaintsBSE 1.79 % (up 1.93 per cent) and BayerBSE 0.19 % Crop (up 1.65 per cent) were the top gainers.
The Smallcap index was up 9 points at 15,688.87 with shares of Castex Tech (up 14.54 per cent), Amtek AutoBSE 9.96 % (up 8.98 per cent), and NelcoBSE 8.57 % (up 8.36 per cent) surging up nearly 15 per cent.
The gains were dragged by shares of LITL (down 10 per cent), VirtualG (down 9.87 per cent) and Stampede (down 9.55per cent).
Shares of Monnet IspatBSE 7.67 % advanced 7.24 per cent to Rs 37.75 amid speculations that public sector Steel Authority of IndiaBSE -0.09 % Ltd (SAIL) may take over debt-ridden Monnet Ispat & Energy Ltd, Steel Minister Chaudhary Birender Singh has ruled out any such possibility.
Among sectoral indices, BSE Capital Goods (up 0.74 per cent) and BSE Realty (up 0.99 per cent) were the only gainers.
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