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HomeBusinessSensex Falls Over 150 Points, Nifty Trades Below 16,550; IT, Metals Stocks...

Sensex Falls Over 150 Points, Nifty Trades Below 16,550; IT, Metals Stocks Drag


Sensex and Nifty began on a decrease word at the moment.

New Delhi:

Indian fairness benchmarks on Monday fell in opening offers, dragged by info know-how and steel shares.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a gap-down begin for the home indices.

The 30-share BSE Sensex slipped 176 factors or 0.32 per cent to 55,593, whereas the broader NSE Nifty moved 54 factors or 0.32 per cent all the way down to commerce at 16,531.

Mid- and small-cap shares had been adverse as Nifty Midcap 100 shed 0.18 per cent and small-cap dropped 0.35 per cent.

Investors await the result of the Reserve Bank of India’s (RBI’s) Monetary Policy Committee assembly, due on June 8.

14 out of the 15 sector gauges — compiled by the National Stock Exchange — had been buying and selling within the purple. Sub-indexes Nifty IT and Nifty Metal had been underperforming the NSE platform by falling as a lot as 1.97 per cent and 1.27 per cent.

On the stock-specific entrance, Tech Mahindra was the highest Nifty loser because the inventory cracked 2.54 per cent to Rs 1,118.70. Wipro, BPCL, Britannia and Bajaj Finserv had been additionally among the many laggards.

The general market breadth was weak as 850 shares had been advancing whereas 1,785 had been declining on BSE.

On the 30-share BSE index, TechM, Wipro, Bajaj Finserv, Infosys, Hindustan Unilever, Asian Paints, TCS, HCL Tech, Titan, Tata Steel, SBI and Bharti Airtel had been among the many high losers.

In distinction, NTPC, M&M, Axis Bank and Sun Pharma had been buying and selling within the inexperienced.

Sensex had slipped 49 factors or 0.09 per cent to shut at 55,769 on Friday, whereas Nifty had moved 44 factors or 0.26 per cent all the way down to settle at 16,584.



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