Indian Shares Open Lower In Cautious Trade
(RTTNews) - Indian shares were moving lower in early trade on Monday amid renewed concerns over elevated oil prices and caution ahead of the U.S. Federal Reserve's interest-rate decision, due later in the week.
The benchmark BSE Sensex fell 360 points, or half a percent, to 72,775 while the broader NSE Nifty index was down 135 points, or 0.60 percent, at 22,465.
Bank of Maharashtra, Ather Energy and Tata Consumer Products fell 2-3 percent ahead of their quarterly earnings results due today.
Infosys dropped 1.3 percent. The IT services giant reported 6 percent year-on-year growth in its second quarter consolidated net profit but reduced its revenue forecast for 2026-27, citing weakness in its key North American market.
Kotak Mahindra Bank rose over 2 percent. The private sector lender reported a 26 percent jump in its Q2 consolidated net profit, driven by stronger loan demand and lower provisions for bad loans.
Reliance Industries fell about 1 percent. Jio Platform's IPO was subscribed 22.2 times overall with bids for 4.38 billion shares against the 197.5 million shares on offer. The allotment is likely to be finalized today.
Yes Bank shares declined 1 percent. The lender said it is examining the Supreme Court's ruling on its Additional Tier 1 (AT-1) bonds and evaluating the available options and next steps.
BPCL rose more than 1 percent after Q2 profit beat estimates.
Dr Reddy's Laboratories rallied 3.2 percent after delivering a sharp margin recovery and beating profit expectations.
European Shares Seen Higher At Open As Oil Prices Retreat
Australian Market Swings To Slight Gains In Mid-market
Asian Markets Track Wall Street Lower
Indian Shares Seen Opening On Muted Note
Lower Open Tipped For Thai Stock Market
Japanese Market Notably Lower
Indonesia Stock Market May Run Out Of Steam On Monday
