Market seen negative on Monday, with indices moving mower with Nifty Around 11600 mark in the opening hours. Asian markets were trading higher, with Dow Futures witnessing gains. Markets around the world are awaiting the result of the US Presidential polls later this week.
The BSE Sensex was down by 208 points at 39415-level, while the NSE Nifty was down by 68 points at 11570 in trade at around 10-am. Shares in ICICI Bank gained in early hours after net interest income at the bank grew 16 percent to Rs 9,366 crore and net profit surged to Rs 4,251 crore from Rs 655 crore. The stock surged a huge 5 percent in the early morning session. Reliance Industries also witnessed its share reacting to results with the stock down more than 2 percent today. The Bank Nifty was leading sectoral gainers with gains of close to 1.5 percent.
IndusInd bank, ICICI Bank, Bharti Airtel, State bank of India and NTPC were among major gainers in the Nifty pack of stocks while Reliance Industries, Eicher Motors, Divis Lab, HCL Technologies and Indian Oil Corporation were major losers in trade. Shares in HPCL were also trading higher ahead of the board meeting on November 4 to consider a buyback of shares.
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