Sensex ends 64 points higher; Nifty settles at 10322

Sensex ends 64 points higher; Nifty settles at 10322

Key Indian equity indices on Monday closed with substantial losses, with the Nifty50 dropping to nearly a three-week low, as negative global cues, outflow of foreign funds, as well as heavy selling in index heavyweights subdued investors' sentiments.

Market breadth was negative with 1,121 advances against 1,382 declines.

The positive start soon gave way to nervousness as the BSE index cracked below 33,000, but finally ended at 33,033.56 - a three week low - down 281 points, or 0.84%.

At 1.30 PM: Sensex was down by over 126 points or 0.38% at 33,187.91 while the wider Nifty was down by 46 points or 0.45% at 10,275.20. Market sentiment was also affected by anticipation over the consumer price inflation data for October expected later on Monday. "The Nifty hit its lowest level in nearly three weeks", Jasani added. Mahindra & Mahindra, Axis Bank, the State Bank of India and Tata Consultancy Services were the top gainers on both indices. The Indian rupee opened at 65.37 per dollar on Monday. Shares of Anil Ambani-led Reliance Communications (RCom) slipped 14 per cent in Monday's trade on huge Q2 losses and delays in its strategic debt restructuring.

"Domestic investors turned cautious giving more weight to slowdown in IIP to 3.8%, geopolitical tensions in the Middle-East and continued advancement in crude prices".

All the sub-indices of the BSE ended in the red except the IT index, which closed up 19.80 points.

Related Articles