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BW Businessworld

Sensex Falters; Earnings, Monsoon In Focus

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The BSE Sensex extends fall to 0.8 per cent, while the 50-shares NSE index loses 0.9 per cent, tracking falls in Asian and European indexes which fell on growth concerns in China and the United States.

The MSCI Asia-Pacific index excluding Japan down 1.72 per cent.

The Indian rupee also fell to an over one-week low on Monday, dragged by weakness in the euro after U.S. jobs data showed tepid growth.

A shortfall in India's monsoon rains has widened to nearly 50 per cent of average, and a deficient monsoon could prolong the current policy inaction and delay stalled economic reforms.

Corporate earnings will in focus this week. HDFC Corp down 1.66 per cent ahead of earnings due Wednesday.

HDFC Bank down 2.1 per cent while ICICI Bank loses 0.45 per cent.


(Reuters)


Tags assigned to this article:
finance top 2 markets monsoon sensex jobs rupee economic reforms