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Equity benchmark indices opened flat amid mixed global cues. Today’s gains led by Infosys,TCS and ITC were offset by losses in HDFC twins, Hero MotoCorp, and Reliance Industries.Shares of Infosys rose 1% after reports that the firm may announce a $1.6bn buyback.
Shares of Interglobe Aviation advanced 1% after a codeshare and co-operation agreement with Turkish airlines.
Bandhan Bank shares slipped 2% after the firm said that it was not aware of any merger talks with respect to Gruh Finance.
On the sectoral front, metal and FMCG stocks are trading in the green, while realty, auto, metal, media, and IT stocks are the top gainers on the NSE.
The Sensex is down 64 points at 35,678, while the Nifty slipped 31 points to 10,723. The market breadth is negative as 561 shares advanced, while 995 shares declined, and 507 shares remained unchanged.
Volatility index India VIX is up 1.76% at 16.27.
The most active stocks were Infosys, Indiabulls HF, BEML, Yes Bank, and RCom.
The Indian rupee opened flat at 70.18/$ on Monday against Friday's close of 70.15/$.
Asian stock markets were trading mixed on Monday as investors grappled with political instability in the United States and fears of a global economic slowdown.
Meanwhile, WTI was last unchanged at $45.59 a barrel, while Brent dipped 12 cents to $53.70.
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