India's key equity indices on S&P BSE Sensex and NSE Nifty50 settled lower on Monday due to a drop in scrips of realty, PSU banks, FMCG, and oil and gas stocks. However, the indices traded higher during the early trade. The Sensex registered a fall of 0.86 per cent and the Nifty fell lower than 17,400.
Key Points:
1. The markets had opened on a positive note as the S&P BSE Sensex traded at 59,151. The markets closed with Sensex recording a drop of 503 points dragged by realty, oil & gas, PSU banks.
2. The Sensex settled at 58,283 points registering a drop of 0.86 per cent and Nifty settled at 17,368 points registering a drop of 0.82 per cent from their previous closing points. Except for Nifty IT, Indian equities settled in red due to the 1 percent drop in the scrips of Nifty Energy and PSU Bank indices.
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3. The Nifty top losers include Bajaj Finance, Bajaj Finserv, Reliance Industries, Mahindra & Mahindra, and Tata Consumers, as per NSE data showed. Tech Mahindra, Axis Bank, Maruti Suzuki, Wipro and SBI Life Insurance were among the top gainers.
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