After opening in green, Sensex went down by over 300 points in opening trade (Photo Credit: PTI File)
BSE Sensex recovered after opening on a highly volatile note on Monday. After opening in green, the 30-share index went down by over 300 points in opening trade before gaining some momentum and returning back in positive zone. Similarly, the broader NSE Nifty slipped by over 70 points in opening trade before coming back up.
Sensex was trading 188.16 points, or 0.50 per cent, up at 37,861.47 at 1030 hours. Similarly, the broader NSE Nifty was trading at 11,217.45 up by 42.70 points.
In the previous session on Friday, Sensex had ended 433.56 points or 1.14 per cent lower at 37,673.31, while the Nifty plunged 139.25 points or 1.23 per cent to close at 11,174.75.
The rupee, meanwhile, depreciated 19 paise against its previous close to trade at 71.07 in early session. Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were trading on a negative note, while those in Seoul were trading a tad higher.
Top Sensex losers in early session included IndusInd Bank, Sun Pharma, Hero MotoCorp, L&T, Bajaj Finance, TCS, M&M, Tata Motors and NTPC, shedding up to 2.15 per cent. On the other hand, top gainers were Yes Bank, HDFC twins, Vedanta, ICICI Bank and Kotak Bank, rising up to 4 per cent.
Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 682.93 crore on Friday, while domestic institutional investors bought shares worth Rs 606.28 crore, data available with stock exchange showed.