9.25 AM: It is a negative start for the benchmark indices on Monday

It is a negative start for the benchmark indices on Monday with Nifty slipped below 11,700 level.

At 09:18 hrs IST, the Sensex is down 200.46 points or 0.51% at 38939.82, and the Nifty down 74.30 points or 0.63% at 11678.50. About 317 shares have advanced, 591 shares declined, and 53 shares are unchanged.

Tata Coffee, SpiceJet, Dr Reddy’s Lab, HDFC Bank, are among major gainers on the indices, while losers are Reliance Undustries (RIL), Jet Airways, Reliance Capital, Reliance Infra, Reliance Power, Reliance Comm, SBI, DHFL and Canara Bank.

On the sectoral front except IT all other sectors are trading lower led by energy, infra, auto, bank, metal and pharma.

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