Sensex, Nifty open in the red; Yes, Bank, UPL, Eicher and SBI grand winners


Mumbai: The reference indices showed a negative opening on Monday, with the Sensex falling 80.69 points or 0.20% at 41061.16. The wider Nifty also lost 19.50 points, or 0.16%, at 12078.90. The main stock winners in the indices were Yes Bank, UPL, Eicher, SBI and NTPC, while Tata Steel, ACC, M & M, Vedanta and JSW Steel were the top losers.

Approximately 488 shares rose, 295 shares fell, while 55 shares remained unchanged.

However, the Indian rupee opened Monday at $ 71.34 versus $ 71.40 Friday's close.

Meanwhile, stocks and oil fell as gold rose from safe haven on Monday as the death toll from a coronavirus outbreak exceeded the SARS epidemic and raised alarm bells about its severity.

The broadest MSCI Asia Pacific stocks outside of Japan tumbled 0.7%, heading for the second straight day. The Japanese Nikkei fell 0.8%, while the South Korean KOSPI fell 1.4% and the Australian shares fell 0.5%.

The losses came from Wall Street on Friday when the Dow fell 0.9%, the S&P 500 fell 0.5% and the Nasdaq fell 0.5%. E-mini futures for the S & P 500 fell 0.3% on Monday.

Benchmark 10-year US Treasury bills ticked higher to push yields to 1.5645%. Eurozone bond yields declined after German industrial production slumped in December, the biggest decline since January 2009.

The euro was close to the 4-month low at $ 1.0950. The dollar slipped against the yen to lose for a second straight day. It was last around 109.61 yen.

The Australian dollar, which is considered a liquid proxy for China games, briefly hit an 11-year low of $ 0.6679. It fell 0.2% last week to lose six consecutive weeks. The dollar index thus remained unchanged at 98.662.

Oil prices eased as Russia said it would take more time before committing to cut production along with the organization of oil-exporting countries and other producers due to falling crude oil demand in the fight against the corona virus in China.

Oil prices have dropped 14% since January 17, while copper has fallen 10%. Brent crude futures fell 52 cents to $ 53.95 a barrel, while US crude futures fell 45 cents to $ 49.87 a barrel.

US gold futures rose 0.3% to $ 1,577.5 an ounce. Spot gold was higher at $ 1,574.4.

(With agency input)