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Sensex down 100 pts, Nifty below 10,900

Monday,   11-Feb-2019   09:26 AM (IST)

The benchmark indices began on a weak note on Monday amid weakness in the Asian market. Shares of Dr. Reddy's Laboratories slipped over 3 per cent in opening deals as the pharma company's Bachupally unit got Form 483 with 11 observations by the US Food and Drug Administration. Over 300 companies are scheduled to release their December quarter results today. Some of the prominent names include Eicher Motors, MFSL, Max India, Motherson Suni Systems, Power Finance Corporation, Butterfly Gandhimathi Appliances, Hindustan Aeronautics (HAL). Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, US politics and the Sino-US trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies. Chinese shares see-sawed on Monday after they resumed trading following a week-long Lunar New Year holiday. The blue-chip index was last up 0.4 per cent, Australian stocks were down 0.6 per cent while South Korea eased 0.2 per cent. That left MSCI's broadest index of Asia-Pacific shares outside Japan off 0.1 per cent after it was toppled from a four-month top on Friday.