Sensex was down 150.83 points or 0.28 percent at 52,824.97 while Nifty declined 43.80 points or 0.28 percent at 15,812.25 points.
Infosys, IndusIndBank, TechM, Tata Steel and Sun Pharma were the major gainers while TCS, Bajaj Finserv, HCL Tech, Nestle, and HUL were the major losers during the opening hours of market
Asian shares struggle
Asian shares struggled to rally on Monday as super-strong US corporate earnings sucked funds out of emerging markets and into Wall Street, where recrods were falling almost daily. Japan's Nikkei bounced 1.6 percent in early trade, but that was off a seven-month low. South Korea has fared somewhat better hanks to deman for tech stocks but was little changed on Monday.
Quarterly results today
Axis Bank, Kotak Mahindra bank, Larsen & Toubro, Tata Motors, SBI Life Insurance Company, Vedanta, Alembic Pharmaceuticals, Apollo Pipes, Coromandel International, DLF, Glaxo Smith Kline Pharmaceuticals, Garden Reach Shipbuilders & Engineers, Jindal Stainless, KPIT Technologies, M&M Financial Services, Navin Fluorine International, Phillips Carbon Black, Ramkrishna Forgings, Sun Pharma Advanced Research Company, Vakrangee, and Zensar Technologies will release their quarterly earnings today.
Cadila Healthcare, Canara Bank, Vodafone Idea, NALCO, and Sun TV Network ar uner the F&O ban today.
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