Key Indian benchmarks close lower on Monday

Key Indian benchmarks close lower on Monday

Despite positive global cues, the Indian equity markets gave up their morning gains to trade on a flat note during the mid-afternoon session on Monday as investors booked profits.

At 1 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded fractionally higher by 4.05 points or 0.04 per cent at 10,070.45 points.

The Sensex touched a high of 32,396.14 points and a low of 32,235.82 points during intra-day trade.

The 30-share BSE Sensex closed on 32,273.67, down by 51.74 points and the broader 50-share NSE Nifty lost 9 points to finish trading on 10,057.40, thereby managing to hold on to the crucial psychological mark of 10,050.

The BSE market breadth was bullish with 817 advances and 429 declines.

Indian equities ended lower on Monday erasing earlier gains. "The main indices stayed in a small range of trade", Deepak Jasani, Head of Retail Research, HDFC Securities, told IANS.

More news: Diplomats Push North Korea to Start Talks in Wake of Sanctions

"Predominantly, we're not expecting a major upswing or downswing in the market".

The Indian rupee weakened against the U.S. dollar, tracking mixed Asian currencies market. It was reported that foreign portfolio investors (FPIs) were net buyers of shares worth Rs 24.07 crore while domestic institutional investors (DIIs) pulled out shares of Rs 389.34 crore showed provisional data.

Shares of Tata Steel gained as much as 3.3 per cent to their highest in over six years.

Both the NSE index and BSE index hit record highs last week, raising concerns that factors such as positive earnings and hopes of an improving economy were already factored into prices.

Heavy selling pressure was observed in IT, teck (technology, media and entertainment) and consumer durables stocks.

Index laggards included NTPC, Dr Reddy's, M&M, Tata Motors, Bharti Airtel, Lupin, Cipla, Hindustan Unilever, Asian Paints, Axis Bank, Hero MotoCorp, HDFC Ltd, Reliance Industries, ITC, ONGC and Sun Pharma, falling up to 1.64 per cent.

Related Articles

  • Kim Kardashian 'proud' of Kylie Jenner

    Kim Kardashian 'proud' of Kylie Jenner

    That's when an interview segment is spliced in, with a producer asking Jenner if she wants kids, not of the canine variety. Her 96 million Instagram followers (and counting) is evidence that Kylie knows how to take the ideal picture.
    Costa to submit Chelsea transfer request

    Costa to submit Chelsea transfer request

    Atkins added: "The decision on Diego was made back in January". I repeat what I said in the past, maybe 10 days ago. Clearly, the lawyer has not been well informed.
    Australia to hold postal vote to decide on same-sex marriage law

    Australia to hold postal vote to decide on same-sex marriage law

    Marriage equality advocate and state Independent MP Alex Greenwich says the postal plebiscite proposal is a 'bloody stupid idea'. Cormann said the government was confident it had a legal and constitutional way to have a postal vote - without Senate approval.
  • Kellyanne Conway Says Trump Not Discussing Firing Special Counsel Bob Mueller

    The Republican president has defended his son's behaviour, saying many people would have taken that meeting. STEPHANOPOULOUS: But first the White House and the president's lawyer said he wasn't involved at all.
    Google Back-to-School Sale Offers Big Discounts on Pixel, More

    Google Back-to-School Sale Offers Big Discounts on Pixel, More

    I'd usually tell you to refrain from getting a device that's almost one-year old because its successor is round around the corner. Meanwhile, the Google Pixel is now available at its discounted price of $524, down from its original price of $649.
    First Look of NTR as Lava from JLK

    First Look of NTR as Lava from JLK

    The film has been directed by Bobby (KS Ravindra) and the music for the film is composed by Devi Sri Prasad. On Monday morning, Jr NTR‏ released the first look of Lava Kumar on Twitter and tweeted: "Here he is".
  • Manhunt underway after Missouri police officer shot dead during traffic stop

    Manhunt underway after Missouri police officer shot dead during traffic stop

    Michael, who had worked for the Clinton Police Department less than a year, died in the shootout, KSHB reported. Officers searched a house Monday morning where McCarthy was thought to be, but he was not there.
    Renault Sets Up New Iran Partnership Amid US Trade Tensions

    Renault Sets Up New Iran Partnership Amid US Trade Tensions

    Renault and other European companies are looking to rebuild their presence in Iran following the lifting of worldwide sanctions. Renault holds 60 percent of shares in the new contract, while each of the Iranian parties holds 20 percent.
    Typhoon Noru makes landfall in Japan

    Typhoon Noru makes landfall in Japan

    It left two people dead and nine others injured in Kagoshima Prefecture, according to the Fire and Disaster Management Agency. In central Japan, "tens of thousands of people have been told to prepare to evacuate", Japan's public broadcaster NHK said.
  • Former Phillies All-Star Daulton dies aged 55

    Former Phillies All-Star Daulton dies aged 55

    Daulton's final game was Game 7 of the '97 World Series, when the Marlins defeated the Cleveland Indians in extra innings. Daulton is survived by his wife Amanda and four children; Zachary, 27; Summer 17; Savannah, 16 and Darren Jr., 15.
    Former CNN commentator Kayleigh McEnany hosts

    Former CNN commentator Kayleigh McEnany hosts "real news" videos for President Trump

    The segment was filmed in front of a backdrop emblazoned with Trump's campaign logo and the name of his website. A bar scrolls below, urging viewers to "stay up to date" on social media, and "Make America great again".
    Carla Del Ponte quits 'powerless' Syria war crimes commission

    Carla Del Ponte quits 'powerless' Syria war crimes commission

    Del Ponte's departure leaves only two commissioners, Brazil's Paulo Pinheiro and Karen Koning AbuZayd from the US. She did not immediately respond to a text message from The Associated Press seeking comment.