Live: Sensex falls over 130 points, Nifty 0.52% lower; RIL shares down

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The benchmark Sensex fell and the NSE Nifty cracked below the 9,100-mark in early trade on Monday as investors took profit in recent gainers amid weak Asian cues. The 30-share barometer declined with sectoral indices led by metal, teck, IT, healthcare, oil&gas, FMCG and auto trading in negative zone with losses up to 0.86%. The index had risen about 254 points in the previous two sessions.

Also, the NSE Nifty slipped below the crucial 9,100-level by falling 33.15 points, or 0.36%, at 9,074.85. Brokers said that apart from profit-booking in recent gainers, a weak trend in Asia following Donald Trump’s failure to push through his healthcare legislation kept shares depressed here. Major losers that dragged down the key indices included Coal India, Reliance Industries, Tata Steel, Hero MotoCorp, Asian Paint, Tata Motors, Wipro, Lupin, Sun Pharma and Bharti Airtel, falling by up to 2.37%. In the Asian region, Hong Kong’s Hang Seng shed 0.16%, while Japan’s Nikkei was down 1.51% in early sessions. Shanghai’s Composite Index, however, was up 0.16%. The Dow Jones Industrial Average ended 0.29% lower in Friday’s trade.

10.30am: BSE Sensex trades lower by 137 points, or 0.46 %, to 29,285, while the Nifty 50 falls 47 points, or 0.52%, to 9,061. The Reliance Industries shares fall 1.87% to trade at Rs1,262.10.

10.00am: Aviation stocks trade higher. Jet Airways India Ltd shares rise 3%, SpiceJet Ltd shares rise 5.6%, InterGlobe Aviation Ltd shares rise 2.6%.

9.50am: Telecom stocks trade lower. Idea Cellular Ltd shares fall 3.7%, Reliance Communications Ltd shares fall 2.6%, Bharti Airtel Ltd shares fall 1.1%.

9.45am: GVK Power & Infrastructure Ltd shares rise 5% to Rs 6.09. GVK Power & Infrastructure completed the 33% stake sale in Bial to FIH Mauritius, Fairfax for 20.2b rupees, according to a company statement post-market on March 24.

9.40am: Fortis Healthcare Ltd shares rise 1.5% to Rs 179.45 after Bloomberg reported that the company is weighing a buyout of the Singapore-listed business trust that owns some of its clinics. Fortis is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market value of S$726m ($520m).

9.30am: BSE Sensex trades lower by 82 points, or 0.28%, to 29,339, while the Nifty 50 falls 33 points, or 0.36%, to 9,075.

9.26am: Reliance Industries Ltd shares fall 1.4% to Rs1,268 after the Securities and Exchange Board of India (Sebi) on Friday banned Reliance Industries Ltd (RIL) from accessing the equity derivatives market for a year, and directed the company to disgorge the profits made by violating the rules on unfair trade practices when it sold a stake in its erstwhile unit Reliance Petroleum Ltd.

9.25am: Aurobindo Pharma Ltd shares fall 2.6% to Rs670.05, Strides Shashun Ltd fell 1.4% to Rs1,122.85. The European drug regulator has recommended suspension of around 300 medicines on which bio-equivalence studies were conducted by the Chennai-based Micro Therapeutic Research Labs (MTRL), citing unreliability of data.

9.20am: Westlife Development Ltd shares rise 6% to Rs221.90 after brokerage firm CLSA rated the stock with buy rating and increased its target price to Rs 300 a share.

9.15am: The rupee was trading at 65.23, up 0.26% from its Friday’s close of 65.42.

9.10am: The 10-year bond yield was trading at 6.818%, compared to its Friday’s close of 6.831%. Bond yields and prices move in opposite directions.

9.00am: Japanese yen was up 0.87%, South Korean won 0.82%, Taiwan dollar 0.61%, Thai baht 0.29%, Singapore dollar 0.27%, Malaysian ringgit 0.25%, China Offshore 0.24%, China renminbi 0.13%, Philippines peso 0.13%, Indonesian rupiah 0.11%.