Mon Nov 11 04:00:00 UTC 2024: ## Indian Markets Open Lower, Hong Kong Stocks Tumble on Weak Stimulus

**Mumbai, India -** Indian markets opened lower on Monday, with the S&P BSE SENSEX down 0.33% and the NSE’s NIFTY50 index down 0.31%. The decline comes on the heels of a disappointing stimulus package announced by Beijing, which sent Hong Kong stocks tumbling.

The top gainers on the NSE were Power Grid, Tata Motors, Maruti, Trent, and Britannia. IT stocks were the biggest gainers overall. The BSE Information Technology index was up 0.78%.

On the other hand, Asian Paints, HDFC Life, BPCL, Axis Bank, and Cipla were among the top losers.

Biocon Biologics reported a 43.71% decline in consolidated net profit for the September quarter, compared to the same period last year. The company attributed the decline to various factors.

Hong Kong’s Hang Seng index plunged 2.5% at the time of writing, with property shares taking a particularly hard hit, down 3.9%. Chinese blue chips also weakened, losing 0.3%.

The BSE SmallCap index was down 0.96% and the BSE MidCap index was down 0.56%.

**Disclaimer:** This news article is for informational purposes only and should not be considered as investment advice.

Read More