Sensex, Nifty turns red; metal stock fall

by IANS |

Mumbai, Dec 16 (IANS) Sensex slipped in the red after opening over 150 points higher during the early trade on Monday.

Manufacturing company stocks like SAIL, Jindal Steel fell over 2 per cent.

Bank stocks also traded lower, however, global steel giant Arcelor Mittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore.

At 11.45 a.m., Sensex was 7.07 points at 41,002.64. It opened at 41,168.85, from its previous close of 41,009.71.

The Nifty fell nearly 12 points to 12,074.95.

Latest News
IPL 2024: Looking to see more attacking fast bowling from Siraj and Yash, says RCB head coach Flower Sat, May 04, 2024, 04:26 PM
Inspiring voices of India's women panchayat leaders resonate at UN meet Sat, May 04, 2024, 04:24 PM
CM, Dy CM obsessed with 'pen drive', forgotten about guarantees: KarnatakaBJP chief Sat, May 04, 2024, 04:21 PM
President Murmu reaches Shimla for five-day visit Sat, May 04, 2024, 04:13 PM
Cracks in the armour: Cong faces serious challenge from NC rebel candidate in Ladakh constituency Sat, May 04, 2024, 04:06 PM
Chinese embassy in Canada refutes foreign interference accusations Sat, May 04, 2024, 03:47 PM
Karnataka CM chairs SIT meeting, orders immediate arrest of Prajwal Revanna Sat, May 04, 2024, 03:42 PM
Study calls for making cardiorespiratory fitness a part of annual check-up Sat, May 04, 2024, 03:35 PM
'Refusing an ICC event can backfire', cautions Rashid Latif amid uncertainty over India's participation in Champions Trophy Sat, May 04, 2024, 03:24 PM
Meta gets 27K reports via Indian grievance mechanism in March, fake FB, Insta profiles key concern Sat, May 04, 2024, 03:23 PM
Government lifts ban on onion exports with price rider Sat, May 04, 2024, 03:22 PM
Multiple fires erupt in Ukraine's Kharkiv after overnight Russian attacks Sat, May 04, 2024, 03:19 PM
UNGA president invokes Mahatma Gandhi to call for protecting journalists Sat, May 04, 2024, 03:18 PM
Rahul's Raebareli move will be 'suicidal', says ex-Congman Pramod Krishnam Sat, May 04, 2024, 03:17 PM
'Shahenshah lives in castle': Priyanka Gandhi's retort on Rahul being dubbed 'Shehzada' Sat, May 04, 2024, 02:55 PM