Sensex, Nifty trade lower, Infosys shares fall 3%

Forex Rate Today Rupee Falls 20 Paise Against US Dollar in Early Trade

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The BSE benchmark Sensex fell almost 300 points to crack below the 34,000-mark today amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The broader Nifty was trading above 10,400-level at 10,467.90, down 12.70 points, or 0.12 per cent.

The US Dow Jones Industrial Average ended 0.50 per cent lower in Friday's trade.

Eggs sold in Virginia stores and restaurants being recalled due to salmonella
Further, officials said that eggs emerging from this farm were likely connected to 22 reported cases of salmonella infections . Over 200 million eggs are part of the voluntary recall because they might be contaminated with salmonella .

However, towards the middle of the session, revival of buying, spread over a broad front, helped wiping out initial losses and touched the day's high of 34,341.46 before settling higher by 112.78 points, or 0.33 per cent, at 34,305.43.

The 30-share index fell by 293.31 points, or 0.85 per cent, to 33,899.34 in opening trade. Intra-day, it hovered between 10,396.35 and 10,540.15.

Foreign institutional investors (FIIs) sold shares worth Rs 399.59 crore on net basis on Friday, provisional data showed.

Russia says will not delay response to US sanctions- RIA
Moscow has also tempered its tone, saying only that "there will be consequences". The war and politics of Syria are broadly going its way.

The major gainers on the BSE on Monday so far were Asian Paints, Mahindra and Mahindra, HDFC, Hero MotoCorp and ITC, while Tata Motors (DVR), Tata Motors, Infosys, Tata Steel, ONGC were among the main losers.

On the other hand, stocks of Tata Motors suffered the most by crashing 4.96 per cent after Jaguar Land Rover said it is planning to cut jobs to scale back production at some of its United Kingdom sites.

IT heavyweight Infosys fell over 3 per cent on lower-than-expected margin guidance for fiscal year 2018-19. The loss came mainly on back of IT stocks as the Nifty IT sub-index was down 1.30 per cent. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99. London's FTSE down 0.40 per cent.

Russian internet watchdog launches procedure to block access to Telegram messenger
Third-party VPN/Proxy-might be overloaded, which is likely to result in slow operation during the first hours after the block. Durov who fled the country in 2014 said that the company has "the luxury of not caring about revenue streams or ad sales".

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