Equity benchma🍸rk Sensex declined over 120 points on Monday, tracking losses in index heavyweights Reliance, SBI and HDFC twins amid a largely subdued 🎐trend in global markets.
The 30-share BSE index ended 123.53 points or 0.23 per cent lower at 52,852.27, while the broader NSE Nifty slippe🍬d 31.60 points or 0.20 per cent to 15,824.45
Equity benchma🍸rk Sensex declined over 120 points on Monday, tracking losses in index heavyweights Reliance, SBI and HDFC twins amid a largely subdued 🎐trend in global markets.
The 3ܫ0-share BSE index ended 123.53 points or 0.23 per cent lower at 52,852.27, while the broader NSE Nifty slipped 31.60 points or 0.20 per cent to 15,824.45.
SBI 🍌was the top loser in the Sensex pack, shedding over 1 per cent, followed by Reliance Industries, Tech Mahindra, M&M, L&T,▨ Bharti Airtel, IndusInd Bank and HDFC.
On the other ha𝄹nd, Bajaj Finserv, UltraTech Cement, Sun Pharma, Titan, Tata 🔯Steel and Kotak Bank were among the gainers.
"Indian markets started marginally in red following negative Asian market cues as China tech and education shares plunged and Singapore's manufacturing output declined 3 per cent in June on a seasonally 🃏adjusted, month-on-month basis.
“During the afternoon session markets swung between positive and negative♏ territory with lacklustre trade as traders were concerned as foreign portfolio investors (FPIs) offloaded Indian equities to the tune of over Rs 5,689 crore in July so far as they continued to adopt a cautious stance in view of various domestic andꦏ global factors," said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.
Also, the European stocks were seen retreating as investors watch corporate earnings, coronavirus cases and German business 🌄sentiment, which fell unexpectedly in July as supply chain constraints and rising COVID-19 infections dampened recent optimism, Solanki added.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoꦦul ended with significant losses, while Tokyo closed in the green.
Equities in Europe were trad𒐪ing on a negative note in the mid-session ♑deals.
Meanwhile, international oil ben𝓡chmark Brent crude declined 0.34 per cent to USD 73.85 per barrel.
The rupee closed 2 paise lower at 74.42 (provis♐ional) against the US dollar.
Foreign institutional investors (FIIs) were net sellers in the ca♓pital market as they offloaded shares worth Rs 163.31 crore on Friday, as per provisional exchange data.