The Share markets got off to a muted begin on Monday on weakness in Information Technology stocks and metal stocks after traders took profit amid sluggish global cues.
At 10.30 am, the BSE Sensex fell 16.14 points to 33,326 levels while the NSE Nifty 50 edged down 11.20 points to 10,272.40. Shares of Maruti Suzuki, NTPC, L&T, ONGC, ITC, and Adani Ports gained up to 1.6% in the morning hours while ICICI Bank, Cipla, Infosys and Tata Steel lost up to 1.2% on BSE Sensex.
Stocks of Cadila Healthcare Ltd rose 1.4% to Rs. 452.50 after the company announced that it got US Food & Drug Administration’s final nod for Ethacrynate sodium.
Stocks Housing Development & Infrastructure Ltd rose 3% to Rs. 65.50 after Morgan Stanley bought 29.18 lakh shares or 0.7% equity stake at Rs. 64.26 each on Friday.
Stocks of Wipro Ltd is on watch out as the company starts its buyback of shares from Nov 29, 2017 to Dec 13, 2017.
Logistics stocks will be in limelight on the Exchanges after the finance ministry has decided to give infrastructure status to the logistic sector.