Sensex closed 94 points lower at 55,675; Nifty 16,600. closed under
Markets continued to tumble on Monday, with the Sensex falling 94 points as investors remained cautious amid unabated selling by foreign funds and rising crude oil prices ahead of the RBI’s policy decision later this week.
The 30-share BSE Sensex closed 93.91 points or 0.17 per cent lower at 55,675.32. During the day, it closed 473.49 points or 0.84 per cent lower at 55,295.74. The broader NSE Nifty ended 14.75 points or 0.09 per cent lower at 16,569.55.
Narendra Solanki said, “Indian markets opened in the negative after mixed Asian market cues. During the afternoon session, markets cut their losses and traded marginally green from neutral. RBI’s monetary policy meeting this week There was uncertainty in the market before. Head- Equity Research (Fundamentals), Anand Rathi Shares and Stock Brokers.
From the Sensex pack, Asian Paints, UltraTech Cement, Bajaj Finserv, Dr Reddy’s, Nestle, Larsen & Toubro, HUL and Axis Bank were the biggest laggards. In contrast, Tata Steel, IndusInd Bank, M&M and Kotak Mahindra Bank were among the major gainers.
Elsewhere in Asia, markets in Tokyo, Shanghai and Hong Kong ended in the green. During the afternoon trading, European stocks were trading higher in the market. The US stock markets closed with a fall on Friday.
Meanwhile, international oil benchmark Brent crude rose 0.61 per cent to $120.4 per barrel. Foreign institutional investors sold shares worth a net Rs 3,770.51 crore on Friday, according to stock exchange data.