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Sensex reverses gain, trades flat; rupee crosses 70

IANS  |  Mumbai 

Reversing early gains, the key equity indices traded in the red during the afternoon trade session on Monday as investors reacted to disappointing macro-economic data and a rise in global oil prices.

According to market observers, investors reacted on weak second-quarter GDP figure and widening fiscal deficit made known after the markets closed on Friday.

In addition, investor sentiments were also weighed down by a slowdown in vehicle sales.

While the financials traded on a flat note, realty, power and utility stocks gained over 2 per cent. In contrast, the and auto stocks witnessed selling pressure.

Besides, ahead of the meeting this week, the oil prices surged on expectations of supply cuts by the The traded higher at $62.07 a barrel.

Even the domestic currency weakened 63 paise against the US dollar, trading at Rs 70.22 from its previous close of 69.59.

At 1.33 p.m, the traded 30.38 points lower at 36,163.92 from its previous close of 36,194.30. The index touched a high of 36,446.16 and a low of 36,099.68 while NSE's Nifty50 traded just 9.55 points lower at 10,867.20.

The markets had opened on a positive note in line with global markets on signs of easing US-trade tension who agreed to halt additional tariffs in the meeting in

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 14:02 IST
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