Sensex Tanks 1,100 Points, Nifty Below 24,000; Sun Pharma Down 4%

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Indian benchmark equity indices BSE Sensex and Nifty 50 opened on a lower note on Monday, amid mixed global cues.

At opening bell, the BSE Sensex was down 150 points, or 0.19 per cent, at 79,573, while the Nifty 50 was at 24,204, lower by 100 points, or 0.41 per cent.

Global Cues

Meanwhile, Asia-Pacific markets were mixed on Monday.

Japan’s markets were closed for a holiday, while South Korea’s Kospi was ahead by 1.24 per cent and the small-cap Kosdaq had gained 2.79 per cent.

Australia’s S&P/ASX 200 was trading 0.32 per cent higher.

China’s Shanghai Composite was down 0.13 per cent, while the CSI300 was ahead by 0.92 per cent. Hong Kong’s Hang Seng index was marginally lower by 0.03 per cent.

Global stock indices had climbed on Friday, while 10-year Treasury yields hit a four-month high as investors grew wary of buying bonds before the US presidential election on Tuesday.

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