MUMBAI: Indian markets dropped 0.5 percent in early trade on Monday, taking cues from weak Asian peers.
Wind turbine maker Suzlon Energy rose nearly 4 percent to 55.25 rupees after the company on Saturday reported a fourth quarter net profit of 4.32 billion rupees compared with a loss of 1.88 billion in the year ago period.
State-run oil marketing companies Indian Oil , Bharat Petroleum and Hindustan Petroleum rose between 2.3 and 3.6 percent after they raised petrol prices by about 5 rupees a litre on Sunday.
At 9:17 a.m. (0347 GMT), the 30-share BSE index was down 0.55 percent at 18,430.70 points, with 24 components declining.
The 50-share NSE index was down 0.5 percent at 5,517.80 points.
ET
Wind turbine maker Suzlon Energy rose nearly 4 percent to 55.25 rupees after the company on Saturday reported a fourth quarter net profit of 4.32 billion rupees compared with a loss of 1.88 billion in the year ago period.
State-run oil marketing companies Indian Oil , Bharat Petroleum and Hindustan Petroleum rose between 2.3 and 3.6 percent after they raised petrol prices by about 5 rupees a litre on Sunday.
At 9:17 a.m. (0347 GMT), the 30-share BSE index was down 0.55 percent at 18,430.70 points, with 24 components declining.
The 50-share NSE index was down 0.5 percent at 5,517.80 points.
ET
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