Mumbai, July 13: Stocks opened sharply lower on Monday dragged down by a major sell off across the board. Metals and realty stocks were the worst hit. Pick
Bombay Stock Exchange’s Sensex was at 13289, lower by 215 points while National Stock Exchange’s Nifty dipped 61 points to 3942.65.
US equities languished in the negative territory after a report showed that US consumer sentiment took a beating early July, dropping to a four-month low. The Dow Jones industrial average was down 48.37 points, or 0.59 percent, at 8,134.80. The Standard & Poor’s 500 Index fell 4.72 points, or 0.53 percent, at 877.96. The Nasdaq Composite Index was up 1.95 points, or 0.11 percent, at 1,754.50.
Stocks across Asia followed suit as the weak sentiment on Wall Street rubbed on to other parts of the world, dragging commodity prices. The Nikkei lost 0.54 per cent, Topix shed 0.33 per cent, Hang Seng retreated 0.46 per cent and Straits Times fell 0.34 per cent.
–Agencies