The domestic stock market witnessed another day of decline as trading began on a red mark on Monday. By 9:59 AM, the Bombay Stock Exchange (BSE) Sensex had dropped significantly by 393.74 points, trading at 77,186.57.
Similarly, the National Stock Exchange (NSE) Nifty also saw a decline, falling 132 points to trade at 23,400.70. However, Nifty Bank showed a contrasting trend, trading in positive territory at 50,248.25 with a gain of 68.7 points.
In the broader Asia-Pacific region, most stock markets were performing positively on Monday. Key economic updates from Asia this week include China’s Loan Prime Rate (LPR), scheduled for release on Wednesday. Analysts expect no changes in the LPR, which currently stands at 3.1% for one year and 3.6% for five years.
Other significant data releases this week include Japan’s trade figures on Tuesday and core inflation numbers for October on Friday. Additionally, Australia’s central bank is set to release the minutes from its latest meeting on Tuesday.
