Sensex witnesses mixed trends in early trade

Sensex witnesses mixed trends in early trade

The benchmark 30-share BSE Sensex recovered after falling marginally in early trade Monday amid mixed global trends. After slipping over 60 points, the index gained around 46 points to trade at 36,273.54 points.

The broader Nifty index was trading almost flat at 10,920.80.

The Reserve Bank of India's policy meeting, macro economic data announcements and trends in crude oil prices are expected to be the key factors for market movements this week.

Last month, the Sensex lost 2,417.93 points -- its worst monthly show since February 2016.

On Friday, sensex buckled under selling pressure for the third straight session Friday, capping off its worst month in over two-and-half years, as investors clamoured for the exit amid valuation and macro stability concerns.

The 30-share BSE index slipped 97.03 points in see-saw trade to close at 36,227.14, while the NSE Nifty dropped 47.10 points to 10,930.45.

The Sensex has lost a whopping 2,417.93 points, or 6.26 per cent, in September -- its worst monthly show since February 2016.

Sentiment remained weak on the back of a weak rupee, high crude oil prices and liquidity concerns, while investors were also reluctant to make fresh bets ahead of RBI policy meeting next week, brokers said.

Selling took hold at the start of October futures and options (F&O) series in the derivatives segment.

Both the key indices recorded their fourth straight weekly fall. The Sensex lost 614.46 points, or 1.67 per cent and the Nifty dropped 212.65 points, or 1.91 per cent, this week.