Closing Bell: Sensex falls 37 points, Nifty down 8 points
The Sensex ended 37.70 points or 0.07% lower at 57,107.52
The Nifty shed 8.90 points or 0.05% to close at 17,007.40
The rupee settled 9 paise higher at 81.58 against the US dollar
Indian equity benchmark ended a volatile day on trade on a flat note following losses in metal, banking and financial stocks. Investors awaited the outcome of a key meeting of the RBI’s Monetary Policy Committee due this week. Investors also remained concerned over persistent foreign fund outflows, traders said.
Falling for the fifth consecutive session, the Sensex ended 37.70 points or 0.07% lower at 57,107.52. The NSE Nifty shed 8.90 points or 0.05% to close at 17,007.40.
The broader indices ended in green with the BSE Mid cap index gaining 0.01% and the Small cap index up by 0.49%. The top gaining sectoral indices on the BSE were Oil & Gas up by 1.24%, Energy up by 0.91%, TECK up by 0.75%, Telecom up by 0.73% and Healthcare was up by 0.69%, while Metal down by 0.83%, Bankex down by 0.78%, Capital Goods down by 0.71%, Utilities down by 0.59% and Power was down by 0.58% were the top losing indices on BSE.
Top losers from the Sensex pack were Tata Steel down by 2.25%, Titan Company 1.79%, Kotak Mahindra 1.52%, State Bank of India 1.39%, Tech Mahindra 1.08%, ICICI Bank 0.96%, HDFC 0.83%, HDFC Bank 0.76%, Maruti Suzuki 0.66% and Larsen & Toubro 0.60%.
Among the gainers were Power Grid Corp up by 1.81%, IndusInd Bank up by 1.32%, Dr Reddys Labs up by 1.29%, HCL Tech up by 1.25%, Nestle up by 1.19%, Asian Paints 0.94%, Infosys up by 0.90% and Wipro up by 0.86%.
The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 against the US dollar as the American currency retreated from its elevated levels.
Asian markets ended mostly higher with the Shanghai Composite up by 1.40%, the Hang Seng up by 0.03%, the Nikkei 225 up by 0.53%, and the KOSPI Composite up by 0.13%.
European stock exchanges were trading on a mixed note in the afternoon session. The US stock markets ended sharply lower on Monday.
Brent crude, the international oil benchmark climbed 1.78% to $85.56 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) were net sellers in the capital market, offloading shares worth Rs 5,101.30 crore on Monday.