Indices extend fall

Key benchmark indices extended fall in morning trade after an initial decline. At 10:15 IST, the barometer index, the S&P BSE Sensex, was down 192.23 points or 0.49% at 39,259.84. The Nifty 50 index was down 65.3 points or 0.55% at 11,757.90.

Trading for the day began on a negative note as domestic stocks edged lower in early trade on selling pressure in index pivotals.

Among secondary barometers, the BSE Mid-Cap index was down 0.57%. The BSE Small-Cap index was down 0.54%. Both these indices umderperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 541 shares advanced and 1219 shares declined. A total of 98 shares were unchanged.

Tata Steel (down 1.98%), Vedanta (down 1.98%), Reliance Industries (down 1.78%), Coal India (down 1.12%) and Tata Motors (down 1.07%) were top losers from the Sensex pack.

Aster DM Healthcare was up 4.21% after ICRA revised ratings of the company's total credit facility of Rs 168 crore. The announcement was made on Saturday, 15 June 2019.

On the macro front, data released by government after market hours on Friday, 14 June 2019 showed that India's exports were $29.99 billion in May 2019, as compared to $28.86 billion in May 2018, showing a growth of 3.93%. In rupee terms, exports were Rs 2.09 lakh crore in May 2019, as compared to Rs 1.94 lakh crore in May 2018, registering a growth of 7.36%. Imports were $45.35 billion (Rs 3.16 lakh crore) in May 2019, which was 4.31% higher in dollar terms and 7.76% higher in rupee terms over imports of $43.48 billion (Rs 2.93 lakh crore) in May 2018.

Overseas, Asian shares were trading mixed on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check.

US stocks ended lower on Friday, 14 June 2019 as investors turned cautious before this week's Fed meeting, while a warning from Broadcom on slowing demand weighed on chipmakers and added to U.S.-China trade worries.

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