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Sensex Reverses Losses At Open To Rise Over 75 Points In Early Trade
Stock Market India: Sensex drops nearly 100 points at open on Monday Indian equity benchmarks started the week on a cautious note after a dramatic rally on Friday as investors reviewed and repositioned ahead of domestic inflation and a barrage of earnings releases amidst improved market risk sentiment. Still, domestic retail inflation data, due after the trading day's hours, will likely keep the markets in check through today's session, despite the widespread optimism for global risk assets. The low-cost airline SpiceJet, the pharmaceutical company Biocon, the tyre producer Apollo Tyres, the conglomerates Godrej Industries and Grasim Industries, and others are among them. After rising 7.7 per cent the previous week, the MSCI's broadest index of Asia-Pacific equities outside of Japan increased by 0.2 per cent. Traders would also watch to see if the significant advance in Chinese stocks might continue after news that regulators had urged banking institutions to provide extra assistance to struggling real estate developers. Additionally, on Monday at the G20 summit in Bali, President Joe Biden of the United States and President Xi Jinping of China will meet face-to face-for the first time since the US President took office. Source - NDTV #sensex #market
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