Sensex flat to lower on weak Asian cues

The BSE Sensex fell marginally in early trade on Monday following weakness in Asian markets. Globally investors remain cautious about the weak economic growth and September quarter earnings despite strong US jobs data.

The BSE benchmark dropped 55.65 points to 18,882.81 and the NSE benchmark went down 22 points to 5,724.95. Even the Indian rupee depreciated 36 paise to 52.21 against the US dollar.

Realty major DLF plunged 3.5 percent on Robert Vadera deals. BHEL lost 2.5 percent due to profit booking. Bank of Baroda, ICICI Bank, Reliance Industries, L&T, Sesa Goa, HUL, ITC, JP Associates, Reliance Infrastructure, Tata Power, Ambuja Cements and ACC were under pressure.

Infosys and TCS were up over 0.5 percent ahead of Infosys' second quarter earnings that will be announced on Friday.

Bharti Airtel, HDFC, ONGC and Sun Pharma gained 0.5-1 percent. The broader markets were flat as the market breadth was neutral. In the second lines shares, Kingfisher Airlines plunged 5% after Directorate General of Civil Aviation issued showcause notice to the company.

UB Holdings was down 1.7 percent. GMR Infra, Adani Enterprises and Tata Power were down 1.7 percent each. Bharati Shipyard shot up 6.6 percent. Everonn Education, Subex, LIC Housing Finance and Dewan Housing were up 2-3.5 perecnt. Geometric went up 2.5 percent.

Rakesh Jhunjhunwala has acquired 21.25 lakh shares (3.4% stake) of the company from September 25 to October 5. Emkay Global shed another 10 percent as the company suffered huge loss due to erroneous orders punched by its member on Friday. Via

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