On Monday, the BSE Sensex was trading 277 points, or 0.73 per cent, down at 37,813.87 in early trade, while the 50-share NSE Nifty index was down 76 points, or 0.66 per cent, at 11,438.
Some analysts believe that for this week, Nifty has strong support levels at 11,430-11,380 levels and resistance at 11,605-11,640 level.
It was reported today, that 43 stocks in the Nifty index were trading in the red with Indiabulls Housing Finance falling over 2 per cent, followed by UltraTech Cement, Titan, Tata Motors and Bajaj Finance.
However, Wipro, HCL Tech, Sun Pharma, Dr Reddy’s Labs and Infosys gained up to 1.50 per cent. Sugar stocks extended their gains on the government’s announcement of hike in ethanol price for blending in petrol by 25 per cent. Rana Sugars, Magadh Sugar and Bajaj Hindusthan Sugar rallied up to 20 per cent in early trade.