Sensex, Nifty start on a cautious note; Asian Paints, HUL top losers

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NEW DELHI: Domestic equity markets opened on a cautious note on Tuesday following weak global cues. The BSE Sensex was trading 6.60 points, or 0.02 per cent down at 31620.03 in opening trade, while NSE Nifty index was down 2.35 points at 9870.25. 


Half of the stocks in the Nifty index were trading in red with Asian Paints BSE -1.74 % falling the most 1.09 per cent, followed by UltraTech BSE -0.74 % Cements (down 0.95 per cent), HDFC Bank BSE -0.33 % (down 0.69 per cent), Zee Entertainment BSE -0.15 % (down 0.65 per cent) and State Bank of India BSE -0.29 % (down 0.60 per cent). 

On the other hand, ONGC BSE 3.13 %, Indiabulls Housing Finance, Power Grid BSE 0.55 %, Hero MotoCorp BSE 0.91 % and Tata Motors BSE 0.81 % were up between 0.90 per cent and 2.20 per cent in early trade. 

Markets are like to be volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2017 series to October 2017 series. The near month September 2017 derivatives contract expire on Thursday, September 28, 2017. 

Barring Consumer Durables index, other sectoral indices on BSE were trading in green in early trade. 


Stocks news:
State Bank of India: Charges for non-maintenance of monthly average balance revised downward, Revised charges range from 20-50 percent across all population groups & categories.

Godrej Industries: Godrej Agrovet sets IPO price band between Rs 450-460 per share.

ICICI Lombard General Insurance Company  to list on Wednesday.

JK Paper says disruption at Odisha plant due to stoppage of water supply by local villagers.

Allahabad Bank raising of BASEL III compliant additional tier 1 perpetual bonds aggregating to Rs 100 crore through private placement.

Tata Motors - JLR scouting for luxury brand acquisitions.

IOC plans to expands Paradip refinery by 3-4 mt.

IDBI Bank divests 1 percent equity (53.2 lakh shares) in SIDBI.

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