Sensex, Nifty open lower on global cues

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The broader 50-share Nifty slipped below the 10,600-mark on losing 43.80 points.

Major gainers were ICICI Bank, Yes Bank, HUL, M&M, ITC, RIL, Adani Ports, Maruti Suzuki, ONGC, Dr. Reddy's, Sun Pharma and Bajaj Auto rising up to 2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7 per cent to its lowest in nearly three weeks, with tech-heavy Taiwan shares hitting two-month lows on worries about slowing semi-conductor demand.

Foreign institutional investors sold scrip worth Rs 680.99 crore, while the domestic institutional investors purchased stocks worth Rs 508.55 crore, provisional data with the exchanges showed.

On the other hand, the S&P BSE metal index declined by 265.55 points, IT index by 227.26 points and Teck (technology, media and entertainment) index by 104.52 points.

Shares of HDFC Bank Ltd rose as much as 1.2 per cent to ₹1,979 in early trade today before slipping into negative territory.

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Japan's benchmark Nikkei 225 shed 0.3 percent to finish at 22,215.32. The Shanghai Composite index shed almost 0.4 percent to 3,117.97.

The rupee, meanwhile depreciated 21 paise to 66.59 against the United States dollar today at the interbank foreign exchange due to appreciation of the greenback amid rising USA bond yields and surge in global crude oil prices. The 30-share BSE index lost 115.37 points to close at 34,501.27.

Meanwhile, Bharti Airtel was the top gainers in Nifty, up 5 per cent after the telecom operator reported better-than-expected earnings for the March quarter led by its Africa business.

Indian shares were fluctuating in early trade on Monday, tracking muted cues from other Asian markets as investors kept a wary eye on U.S. bond yields and digested U.S. President Donald Trump's comments that the North Korean nuclear crisis was a long way from being resolved.