Indian Markets Open Lower; BSE Sensex Down Over 100 Points

Indian stock markets were trading lower on Monday. The S&P BSE Sensex climbed 131 points, or 0.49 percent at 26615.78. The 30-share index touched a high of 26,725.31 in morning trade. The Nifty50 fell 0.67 percent to 8206.80, after touching a high of 8,230.65 in morning trade.

The S&P BSE Midcap Index dropped 0.5 percent, while the BSE S&P Smallcap Index slipped 0.2 percent.

The Indian rupee declined 5 paise to trade at 67.41 against the U.S. dollar on Monday.

Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) fell 1.03 percent to close at $49.15 on Friday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) dropped 0.40 percent to close at $19.88.

Shares of Rolta India surged over 12 percent after the company reported a 91.33 percent rise in consolidated net profit for the quarter ended September 30.

US stock markets closed higher on Friday, with the Dow Jones Industrial Average gaining 0.72 percent, the S&P500 index rising 0.59 per cent, and the Nasdaq Composite gaining 0.50 percent.

US WTI crude futures on the NYMEX gained 4.70 percent to trade at $53.92 per barrel.

Top market movers among the BSE index are as follows

• Hilton Metal Forging Ltd. shares gained around 20 percent to 20.90 INR.
• Fiberweb (India) Ltd. rose about 20 percent to 157.05 INR.
• Aanchal Ispat Ltd. rose 19 percent to 4.65 INR.
• Vimal Oil & Foods Ltd. shares surged 18 percent to 51.10 INR.

• Amrapali Capital & Finance Services Ltd. shares dropped around 17 percent to 27.00 INR.
• Restile Ceramics Ltd. fell around 12 percent to 4.41 INR.
• Pranavaditya Spinning Mills Ltd. shares declined 10 percent to 27.80 INR.
• Monotype India Ltd. tumbled 10 percent to 21.60 INR.