{"id":23684,"date":"2022-07-11T04:45:31","date_gmt":"2022-07-11T04:45:31","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/11\/sensex-nifty-open-lower-on-weak-asian-cues-it-stocks-drag\/"},"modified":"2022-07-11T04:45:31","modified_gmt":"2022-07-11T04:45:31","slug":"sensex-nifty-open-lower-on-weak-asian-cues-it-stocks-drag","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/11\/sensex-nifty-open-lower-on-weak-asian-cues-it-stocks-drag\/","title":{"rendered":"Sensex, Nifty Open Lower On Weak Asian Cues; IT Stocks Drag"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened lower on Monday, with IT and telecom stocks leading losses. A cautious undertone prevailed as Treasury yields climbed after the release of upbeat U.S. jobs data.<\/p>\n<p>The benchmark S&amp;P BSE Sensex dropped 270 points, or half a percent, to 54,211 in early trade while the broader NSE Nifty index was down 64 points, or 0.4 percent, at 16,156.<\/p>\n<p>IT services provider TCS slumped 4.5 percent after posting disappointing quarterly earnings results. Rivals Infosys, Wipro, HCL Technologies and Tech Mahindra lost 2-3 percent.<\/p>\n<p>Bharti Airtel plunged 4.5 percent after Adani Group entered the 5G spectrum auction race to provide a private network for airports and its ports <span class=\"landLinks\">business<\/span>.<\/p>\n<p>Avenue Supermarts rose over 1 percent on reporting a six-fold jump in Q1 profit. <\/p>\n<p>Dr Reddy&#8217;s Laboratories rallied 2 percent after launching its generic version of fesoterodine fumarate extended-release tablets in the United States. <\/p>\n<p>Tata Motors fell about 1 percent on the price hike buzz.<\/p>\n<p>Kotak Mahindra Bank was down 0.7 percent after the private second lender acquired the over Rs 600 crore-worth agri and healthcare equipment finance portfolio of Dutch lender DLL India for an undisclosed sum. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Open Lower On Weak Asian Cues; IT Stocks Drag<\/a><br \/>\n<br \/>2022-07-11 04:45:31<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened lower on Monday, with IT and telecom stocks leading losses. A cautious undertone prevailed as Treasury yields climbed after the release of upbeat U.S. jobs data. The&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-23684","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=23684"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23685"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}