Domestic equity benchmark Sensex declined over 100 points in opening session on July 31 tracking losses in index-heavyweights HDFC twins and Reliance Industries amid negative cues from global equities.<\/p>\n
The BSE Sensex was trading 116.84 points or 0.31% lower at 37,619.23; while the NSE Nifty was down 27.70 points or 0.25% at 11,074.45.<\/p>\n
HDFC was the top loser in the Sensex pack, falling around 2%, followed by Kotak Bank, HDFC Bank, Reliance Industries, Tata Steel and Nestle India.<\/p>\n
On the other hand, HCL Tech, TCS, SBI, Infosys, Sun Pharma and Tech Mahindra were among the gainers.<\/p>\n
In the previous session, the 30-share Sensex ended 335.06 points or 0.88% lower at 37,736.07; while the NSE Nifty tumbled 100.70 points or 0.90% at 11,102.15.<\/p>\n
Exchange data showed that foreign institutional investors bought equities worth \u20b9207.30 crore on a net basis on July 30.<\/p>\n
According to traders, domestic stocks opened on a weak note tracking negative global cues after the U.S. said its economy plunged by a record-shattering 32.9% annual rate last quarter.<\/p>\n
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were in red.<\/p>\n
Stock exchanges on Wall Street ended on a mixed note in overnight trade.<\/p>\n
Global oil benchmark Brent crude was trading 0.53% higher at USD 43.48 per barrel. <\/p>\n<\/div>\n