The market kick-started the week in red. Sensex traded down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percent at 7745.65.
Sun Pharma is down six percent followed by Infosys, Wipro, HUL and Reliance among major losers in the Sensex.
The top gainers are Hindalco, Tata Motors, Bharti Airtel, Hero MotoCorp and Lupin.
The Indian rupee opened marginally higher by five paise at 66.35 per dollar versus 66.40 Friday.
Experts believe that the Fed hike was well received with all markets rallying initially. However, the continued weakness in energy and oil prices has started to put pressure back on the market.
Brent crude prices fell to their lowest since 2004 on renewed worries over a global oil glut, with production around the world remaining at or near record highs and new supplies looming from Iran and the United States.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app