Sensex, Nifty End Lower Dragged by Losses In Reliance Industries, ICICI Bank

 

The Indian equity benchmarks ended lower on Monday dragged by losses in Reliance Industries, ICICI Bank, HDFC Bank, Hindustan Unilever, Infosys and Axis Bank. However, the downside was capped owing to buying interest in Tata Consultancy Services, Kotak Mahindra Bank, HDFC, Tata Steel and ITC. The Sensex fell as much as 360 points at the day’s lowest level and Nifty 50 index touched an intraday low of 17,269.15. However, buying around lower levels helped benchmarks recover most of their intraday losses in noon deals.

The Sensex ended 127 points or 0.22 per cent lower at 58,178 and Nifty 50 index slipped 14 points to close at 17,355.

Eight of 15 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Metal index’s over 1 per cent gain. Metals shares witnessed buying interest after the Commerce Ministry’s investigation arm Directorate General of Trade Remedies (DGTR) recommended the imposition of anti-dumping duty on certain aluminium products from China.

Nifty Information Technology, Realty, Healthcare, Media and Pharma indices also rose between 0.3-1 per cent.

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