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 Stock markets edge lower, Nifty trades close to 10,400-mark

New Delhi: The Indian stock markets had edged lower on Monday, despite BJP's victory in Tripura elections.

The Sensex, balanced by weak Asian cues and import tariffs on steel and aluminium in the US was down 262.34 points at 33,784.60.

On the other hand, Nifty traded close to the 10,400-mark.

Nearly two shares failed for every share rising on the Bombay Stock Exchange.

Aurobindo Pharma Ltd., Hindalco, Tata Motors, GAIL, and Bharti Infratel were down about two to four percent.

Tech Mahindra, TCS, Infosys, ICICI Bank, and State Bank of India were up about one percent.

Asian markets too edged lower and the Euro slipped early on Monday.

Japan's Nikkei 225 edged down 0.56 percent in early trade.

South Korea's benchmark Kospi slipped 0.23 percent.

The Indian rupee, however, opened higher by seven paise at Rs. 65.10 per dollar on Monday versus Rs. 65.17 on Thursday.

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