Closing Bell: Sensex falls 100 points, Nifty closes at 15,810
- Sensex fell 100.42 points or 0.19% to settle at 53,134.35
- Nifty declined 24.50 points or 0.15% to 15,810.85
- The rupee fell by 41 paise to close at 79.36 against the US dollar
Indian equity benchmarks gave up intraday gains to close marginally lower, and BSE Sensex ended down by a little over 100 points on the emergence of fag-end selling in FMCG, banking, and IT stocks and weak opening in European stock markets.
The BSE Sensex fell 100.42 points or 0.19% to settle at 53,134.35. During the day, it jumped 631.16 points, or 1.18% to 53,865.93.
The NSE Nifty also gave up intraday gains and declined 24.50 points or 0.15% to 15,810.85.
The broader indices ended up mixed with the BSE Mid cap index down by 0.35%, while the Small cap index was up by 0.20%. On the sectoral front, Power was up by 0.64%, Utilities up by 0.59%, Metal up by 0.47%, Healthcare up by 0.23%, and Energy up by 0.16%, while IT down by 0.59%, TECK down by 0.57%, Bankex down by 0.37%, Auto down by 0.32% and Realty down by 0.29% were the top losing indices on BSE.
Major laggards from the Sensex pack were ITC down by 1.73%, Wipro down by 1.58%, Mahindra down by 1.20%, Larsen down by 1.12%, Maruti Suzuki down by 1.10%, IndusInd Bank down by 0.98%, Axis Bank down by 0.92%, Asian Paints down by 0.88%, Infosys down by 0.77% and HDFC down by 0.59%.
Among the gainers were Power Grid Corp up by 1.54%, Bajaj Finserv up by 1.34%, Hindustan Unilever up by 0.92%, Sun Pharma up by 0.90%, and Reliance up by 0.80% and Tata Steel up by 0.67%.
The rupee fell by 41 paise to close at a fresh lifetime low of 79.36 against the US dollar.
European markets were trading in negative territory during the mid-session deals.
The US markets were closed for a holiday on Monday.
"Nifty gave up morning gains and ended in the negative zone. Following early weakness in European markets, it fell and closed lower," said Deepak Jasani, Head of Retail Research, HDFC Securities.
In the previous session, the BSE Sensex had gained 326.84 points or 0.62% to settle at 53,234.77 on Monday. The Nifty gained 83.30 points or 0.53% to close at 15,835.35.
Brent crude, the international oil benchmark declined 0.885 to $112.5 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,149.56 crore on Monday.