Indian markets fell more than 1 percent in early trade on Monday in line with Asian peers that were down on debt worries in the euro zone. Financials led the fall.
At 9:16 a.m. (0346 GMT), the 30-share BSE index was down 0.91 percent at 18,160.21 points, with 29 components declining, after falling as low as 18,106.99. The 50-share NSE index was down 0.9 percent at 5,436.45 points.
Bankex index was seeing some selling pressure in the morning trades, down 1.3%. HDFC Bank slipped 1.8%, Canara Bank and Kotak Mahindra Bank were off 1.5% each.
The Nikkei Stock Average slipped 1.4% led by losses in banking shares. Hong Kong's Hang Seng plummeted 1.6% due to across the board sell-off and weakness in property shares. China's Shanghai Composite index was down 1.1%.
At 9:16 a.m. (0346 GMT), the 30-share BSE index was down 0.91 percent at 18,160.21 points, with 29 components declining, after falling as low as 18,106.99. The 50-share NSE index was down 0.9 percent at 5,436.45 points.
Bankex index was seeing some selling pressure in the morning trades, down 1.3%. HDFC Bank slipped 1.8%, Canara Bank and Kotak Mahindra Bank were off 1.5% each.
The Nikkei Stock Average slipped 1.4% led by losses in banking shares. Hong Kong's Hang Seng plummeted 1.6% due to across the board sell-off and weakness in property shares. China's Shanghai Composite index was down 1.1%.
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