Sensex, Nifty at day's high; Cipla, TCS stocks gain

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The benchmark BSE Sensex was trading 50 points, or 0.15% lower on Monday morning, recovering from its sharp losses in opening trade which saw the gauge plunge by almost 300 points, amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The 30-share barometer, which cracked the 34,000-mark at the outset, hit a low of 33,899.34 on profit-booking in recent gainers amid sustained outflows by foreign funds.

The gauge had gained 1,173.88 points in the previous seven sessions.

Among BSE sectoral indices, IT index fell the most by 1.03%, followed by TECk 0.9%, oil & gas 0.6% and consumer durables 0.3%.

Tata Motors which closed 4.96% lower at 339 level was the top Sensex loser on reports that Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to fall in sales caused by uncertainty around Brexit and confusion over diesel policy.

Royal Caribbean Cruises Ltd. (RCL) Shares Reduced by Guggenheim Capital LLC
The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) earned "Equal-Weight" rating by Morgan Stanley on Thursday, May 26. After $1.34 EPS report last quarter, Wall Street now sees -28.36 % negative EPS growth of Royal Caribbean Cruises Ltd.

Tata Motors (-4.6%), Infosys (-3.6%), Axis Bank (-1.5%), HPCL (-1.3%) and Titan (-1.2%) were the top losers on the NSE. Japan's Nikkei, however, was up 0.26%.

U.S. stocks fell last Friday as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market.

The BSE Midcap and the BSE Smallcap indices were fell by 0.12% and 0.04%, respectively.

The rupee fell 20 paise to 65.40 against the United States dollar in early trade on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities. It had closed higher by 6 paise at 65.20 on Friday.

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