Mumbai: Benchmark indices are trading over 1.5 per cent lower on Monday amid a global sell-off. That apart, rise in oil prices and a weak rupee also affected investor sentiment.
Shares of Gautam Adani led- Adani Group, Anil Dhirubhai Ambani Group (ADAG) and Mukesh Ambani led – Reliance Group companies were under pressure on Monday, falling by up to 10% on the BSE as Friday’s exit polls predicted a tight finish between the Bharatiya Janata Party (BJP) and the Congress in Madhya Pradesh and Chhattisgarh and a win for the opposition party in Rajasthan.
Shares of Jubilant Life Sciences have dipped 6% to Rs 742 per share on the BSE in early morning trade after the US health regulator recommended a regulatory or administrative action after the inspection of the drug firm’s Roorkee manufacturing facility.
The rupee opened weak at 71.34/$ vs its previous close of 70.82 against US dollar.
Investors will look out for the final results of five state assembly elections – Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram due on Tuesday.