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The Sensex lost over 37 points in opening trade on Monday as funds and retail investor adopted a careful wait-and-watch strategy in the absence of positive cues.

The 30-share Bombay Stock Exchange (BSE) barometer, which fell 56.28 points in the previous session, moved down additional by 37.42 points, or 0.20 per cent, to 18,524.50 within the first few minutes of trade, with oil and gas, realty, banking and capital goods stocks coming under pressure.

Similarly, the wide-based National Stock Exchange Nifty index declined 15.50 points, or 0.28 per cent, to 5,565.60. Brokers said the cautious move toward adopted by member ahead of first quarter earnings numbers from some more company and the absence of any positive cues from global markets mainly led to the fall in the market.

In other markets in Asia, Hong Kong’s Hang Seng index was trading 0.07 per cent higher, while Japanese financial markets are closed for a public holiday.

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