Indian shares opened in the red on Monday, amid mixed global cues and continuing concerns over the fast-rising omicron variant of coronavirus. The benchmark 30-share BSE Sensex opened 7 points lower at 61,215.80, while the broader NSE Nifty50 dipped 20 points to start trade at 18,235.70.

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#CNBCTV18Market | Market starts Monday session largely in the red. HCL Tech top loser after a mixed set of earnings pic.twitter.com/uOgyev2EmL

— CNBC-TV18 (@CNBCTV18Live) January 17, 2022

HCL Tech on Friday had reported a net profit at Rs 3,442 crore, which was up 5.4 percent quarter-on-quarter, and revenue at Rs 22,331 crore — up 8.1 percent QoQ — in its earnings report for the quarter ended December 31, 2021, handily beating Street expectations.

Check top brokerage calls on HCL Tech, HDFC Bank here

Foreign institutional investors (FIIs) sold shares worth Rs 1,598 crore. And the domestic institutional investors (DIIs) purchased shares worth Rs 371 crore in the Indian market on January 14, as per provisional data available on the NSE.

Globally, Asian share markets were choppy as a slew of Chinese economic data confirmed the deadening effect of coronavirus restrictions on consumer spending, prompting Beijing to again ease monetary policy. China's central bank surprised the market by cutting some key lending rates by a sizable 10 basis points.

The easing seemed to help China's blue chips for they edged nearly half a percent up. MSCI's broadest index of Asia-Pacific shares outside Japan, on the other hand, eased 0.2 percent. Meanwhile, Japan's Nikkei bounced 0.8 percent after losing over 1 percent last week.

On Wall Street, Nasdaq futures slide half a percent and S&P 500 Futures declined 0.2 percent. Over in Europe, the Euro Stoxx 50 futures edged higher but the FTSE futures were flat.

Over in commodities, oil is exchanging hands at near-record high premiums after rising for four straight weeks. Brent crude was last up to $86.54, pipping the 2021 top of $86.70. US WTI oil was also up half a percent at $84.57.

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(Edited by : Ajay Vaishnav)

First Published:Jan 17, 2022 9:40 AM IST