Indian frontline indices ended Monday with declines amid selling pressure in auto, FMCG and metal stocks, although the IT pack tried to cap some losses as it emerged as the top performer. While the S&P BSE Sensex declined 140 points or 0.21% to close at 65,655.15, the broader Nifty50 settled 38 points or 0.19% lower at 19,694.25
Today’s negative closing by headline indices was the second in a row.
Top Nifty gainers in the day’s trade were Divi’s Laboratories, Bharti Airtel, Wipro, HCL Technologies and Coal India while the top losers were Adani Enterprises, Bajaj Finance, SBI Life Insurance Company, Mahindra & Mahindra (M&M) and UltraTech Cement.
Out of 15 Nifty sectoral indices, 10 closed in the red and four in the green while one remained unchanged. The top losers were Nifty Auto, Nifty FMCG and Nifty Metal which fell between 0.76% and 0.38%. The top performer was Nifty IT which maintained its previous week’s winning run and closed with gains of 0.60%. Nifty Pharma, Nifty PSU Bank and Nifty Healthcare Index closed with small gains amid action in selective stocks.
Broader markets gave up their morning gains and ended mixed. While the Nifty Midcap 100 closed 0.09% up, the Nifty Smallcap 100 declined 0.09%.
Rupee Vs Dollar
The Indian rupee ended weaker on Monday, matching its record closing low as sustained dollar demand from state-run and foreign banks maintained pressure on the local unit, despite a rally in its Asian peers.
The rupee ended at 83.34 against the U.S. dollar, down 0.08% from its close of 83.27 on Friday. The currency had previously closed at this level on Nov. 10, the same day it fell to a record low of 83.42.
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