The S&P BSE Sensex started at 35,204.66 and the Nifty50 barometer of the National Stock Exchange (NSE) was at 10,508.70 against their last closing levels of 35,673.25 and 10693.70 respectively. At 9:55 am, the 30-share Sensex was at 35,023.98, down 649.27 points or 1.82 per cent and the 50-scrip Nifty was at 10,498.10, with a loss of 195.60points or 1.83 per cent. All 50 Nifty stocks and the entire 30-share Sensex pack plunged.
Top losers include Reliance Industries, Adani Ports, PowerGrid, Coal India, Asian Paints, Kotak Bank, ONGC, Vedanta, Yes Bank, Bharti Airtel, Hero MotoCorp and ICICI Bank, falling up to 4 per cent.
Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January. International Brent crude oil futures were at $62.15 per barrel at 0129 GMT, up 48 cents, or 0.8 percent, from their last close.
Rupee at 3 week low; slips past 71 per US dollar - Rupee on Monday opened at a 3-week low at Rs 71.31 per US dollar as against the previous close of Rs 70.80 per US dollar. The local unit fell as much as 0.84 percent or 59 paise in the early trade. On Friday, the domestic currency had staged a mild recovery to close with a gain against the greenback in line with rally in domestic stocks and positive global cues. The 10-year bond yields are also at one-week high of 7.51 percent.
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