Domestic stock markets started Monday’s session on a negative note amid weakness in global peers, after a landmark deal by the top oil producers to slash output by a record margin helped oil prices climb in volatile trade. The S&P BSE Sensex index fell as much as 248.71 points to 30,910.91 in early trade, shortly after opening with a gain of 36.1 points at 31,195.72. The broader NSE Nifty benchmark declined to as low as 9,046.30, having started the session down 7.95 points at 9,103.95.
Equities in other Asian markets moved lower amid rising cases of the coronavirus pandemic around the globe. MSCI’s broadest index of Asia Pacific shares outside Japan was last seen trading 0.11 per cent lower while Japan’s Nikkei 225 benchmark was down 0.76 per cent.
The government will release data on consumer inflation for the month of March after market hours.
Last Friday, the Sensex had ended 4.23 per cent higher at 31,159.27 and the Nifty settled up 4.15 per cent at 9,111.90, marking the first weekly gain for both the indices after seven consecutive weekly losses.
The domestic financial markets will remain closed on Tuesday for Baba Saheb Ambedkar Jayanti.
Source By NDTV