Markets open low on weak Asian cues

Markets open low on weak Asian cues


BSE

Heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets. (Photo: Reuters)

HIGHLIGHTS

  • Sensex opened lower by more than 170 points on Monday.
  • NSE Nifty opened at 11,369.60, lower by nearly 60 points.
  • Indian rupee on Monday touched an all-time low of 69.62 per dollar in early trade.

The BSE Sensex fell over 200 points and the NSE Nifty dipped below the 11,400-level in opening trade today on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

BSE index movement during opening trade session. (Source: bseindia.com)

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, brokers said.

BSE Sensex opened at 37,693.19, lower by more than 170 points from previous closing on Friday.

(With inputs from PTI)

Also Read: Rupee hits record low against dollar



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