Sensex starts on a cautious note; Nifty50 holds above 8,800 level

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NEW DELHI: The S&P BSE Sensex started on a cautious note with a slight negative bias in morning trade on Monday, led by losses in HDFC Bank, ITC, RIL, and Maruti Suzuki.

The Nifty50 index came under pressure but was still trading above its crucial level of 8,800 weighed down by losses in metal, consumer durable, banks, and auto stocks.

At 09:20 am: The 30-share index was trading 15 points lower or 0.05 per cent at 28,453. It touched a high of 28,490.61 and a low of 28,428.51 in morning trade.

The Nifty50 was trading at 8,817 down 5 points or 0.05 per cent. It touched a high of 8,825.05 and a low of 8,812.85 in the first 30 minutes of trade.

The S&P BSE Midcap Index was trading 0.06 per cent higher and BSE S&P Smallcap Index was trading 0.23 per cent up.

HUL (up 1.2 per cent), Bharti Airtel (up 1.2 per cent), TCS (up 1.07 per cent), GAIL India (up 0.75 per cent), and ICICI Bank (up 0.48 per cent) were the major Sensex gainers.

Cipla (down 1.3 per cent), Asian Paints (down 0.7 per cent), and Dr Reddy’s Laboratories (down 0.68 per cent) were the major Sensex losers.