Indian equity benchmarks ended slightly lower on Monday following Asian counterparts. Traders were worried after the Reserve Bank of India (RBI) showed that India’s forex reserves declined by $1.1 billion to $529.99 billion in the week ended November 4. India’s Wholesale Price Index (WPI) eased to 8.39% in October, the lowest since March 2021.

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The Sensex closed 170.89 points or 0.28% lower to 61,624.15. The Nifty fell 20.55 points or 0.11% to 18,329.15. 

The broader indices ended mixed with the BSE MidCap index gaining 0.05% and the SmallCap index up by 0.25%. 

The top losing sectoral indices on the BSE were FMCG down by 1.29%, Power 0.69%, Capital Goods 0.66%, Utilities 0.49%, and Consumer Durables 0.40%. While Metal up 1.48%, Realty 1.05%, Commodities 1.00%, IT 0.77%, and Healthcare 0.56% were only gaining sectoral indices on BSE.

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Top laggards from the Sensex pack were Dr Reddy’s Labs down by 3.94%, ITC 2.57%, Hindustan Unilever 1.83%, State Bank of India 1.42%, ICICI Bank 1.32%, Nestle 1.29%, Titan Company 0.85%, Wipro 0.80%, Mahindra & Mahindra 0.71%, and Larsen & Toubro 0.67%.

Top gainers on the Sensex were Kotak Mahindra Bank up by 1.26%, Tata Steel 1.07%, Power Grid 1.05%, IndusInd Bank 1.04%, Infosys 0.89%, HCL Technologies 0.76%, Maruti Suzuki 0.73%, TCS 0.54%, Tech Mahindra 0.51%, and UltraTech Cement 0.48%.

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The rupee fell 15 paise to close at 80.93 against the US dollar on Monday.

Asian markets settled mostly lower with the KOSPI Composite down by 0.34%, the Nikkei 225 down by 1.06%, Shanghai Composite down by 0.13%, and the Hang Seng up by 1.70%.

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European stock exchanges were trading green in mid-session deals. The US equity markets ended with gains on Friday.

Brent crude futures, the international oil benchmark advanced 0.28% to $96.26 per barrel.

According to stock exchange data, foreign institutional investors purchased shares worth a net of Rs 3,958.23 crore on Friday.