Sensex, Nifty see losses in early trade

NEW DELHI: Equity markets on Monday morning, opened on a negative note amid volatile global cues.

The 30-share BSE Sensex opened under 37,800-mark, losing more than 50 points. The index extended its loss to 200 points in early trade. At 10 am, the gauge was down 66.15 points and had regained the 37,800-mark.

The broader 50-share NSE Nifty was also trading slightly in the red but was looking solid above 11,400.

The rupee meanwhile, continued its free fall, hitting the new low of 70.32 in early trading.

Global markets were showing mixed sentiments as Asian shares pulled away from one-year lows on Thursday, after Beijing said it will hold trade talks with Washington this month, although Turkey’s currency crisis and fears of an economic slowdown in China kept most markets in the red.

Among sectors, the metal sub-index was losing the most at almost 2 per cent. Bank stocks were also losing while pharma and IT were in the green.

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