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Equity benchmark Sensex declined over 120 points on Monday, tracking losses𓃲 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 52,852𝕴.27, while the ܫbroader NSE Nifty slipped 31.60 points or 0.20 per cent to 15,824.45.
SBI was the top loser in the𝐆 Sensex pack, shedding over 1 per cent, followed by Reliance Industries, Tech Mahindra,ꦓ M&M, L&T, Bharti Airtel, IndusInd Bank and HDFC.
Oꦐn the other hand, Bajaj Finserv, UltraTech Cement, Sun Pharma, Titan, Tata Steel and Kotak Bank were among the gainers.
"Indian markets started marginally in red 💝following negative A♉sian 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) o𓄧ffloaded 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 and 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 busin𝕴ess sentiment, which fell unexpectedly💯 in July as supply chain constraints and rising COVID-19 infections dampened recent optimism, Solanki added.
Elsewhere in Asia, bours🍸es in Shanghai, Hong Kong and Seoul ended with significant losses, while Tokyo closed in the green.
Equities in Europe were 🅷trading on a negative note in the mid-session deals.
Meanwhile, international oil benchmark Brent crude declined 0.34 pᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚer cent to USD 73.85 per barrel.
The ♋rupee closed 2 paise lo🧸wer at 74.42 (provisional) against the US dollar.
Foreign institution🔯al investors (FIIs)ও were net sellers in the capital market as they offloaded shares worth Rs 163.31 crore on Friday, as per provisional exchange data.
