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Market turns negative, down 138 points after caution sets in

Press Trust of India  |  Mumbai 

The saw a steady decline after a positive start as both benchmarks and moved to negative zone as caution set in ahead of to be released today.

Investors also focussed on prices and the West Asian crisis and reacted to the September quarterly earnings of heavyweights such as Idea Cellular, and Coal

The 30-share index resumed positive before slipping to 33,176.67, down 137.89 points, or 0.41 per cent, at 1122 hours.

The broader traded lower by 55 points, or 0.53 per cent, at 10,266.75.

Major losers were L&T, Coal and Cipla, sliding up to 2.95 per cent.

Foreign portfolio investors (FPIs) sold worth a net Rs 529.22 crore last Friday, as per provisional data released by stock exchanges. Domestic institutional investors (DIIs) bought worth a net Rs 1,920.87 crore.

Overseas, Asian markets saw a mixed trend. US stocks closed mostly lower last Friday as they snapped multi-week winning streak while some of the largest technology stocks pulled back.

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

First Published: Mon, November 13 2017. 11:42 IST