Sensex down 175 points after opening flat
Mumbai, Sep 9 (IANS) The Sensex on Monday fell by 175 points during the early trade after it opened marginally lower. The decline was led by automobile companies, however, FMCG and pharma stocks gained.
At 9.19 a.m., the Sensex traded 175.19 points lower at 36,806.58, from its Friday’s close of 36,981.77.
The broader Nifty traded 41.80 points lower at 10,904.40. The government is expected to announce some more growth-inducing measures, especially for the real estate sector in the coming days.
Investors were also cautious ahead of Consumer Price Index (CPI) and Index of industrial production (IIP) data scheduled to be released on Thursday, which could further reveal the depth of the slowdown.