INSUBCONTINENT EXCLUSIVE:
stock Market on Monday: Sensex heavyweights Reliance Industries, HDFC, and ITC led the declines.The domestic stock market started the week
on Monday on a negative note
The SP BSE Sensex opened at 34,412.36, and the Nifty50 index of the National Stock Exchange (NSE) at 10,310.15
In the first few minutes of the session, the 30-share Sensex traded at 34,114.69, down 0.76 per cent or 262.30 points and the Nifty was at
10,234.10, with a loss of 0.80 per cent or 82.35 points
Losing between 1.95 and 6.90 per cent, the top five Sensex laggards were Vedanta, Tata Steel, HDFC, Adani Ports, and Wipro.Sensex
heavyweights Reliance Industries, HDFC, and ITC led the declines in the BSE index.In the Nifty pack, 37 out of 50 stocks fell in trade.The
Nifty Metal - the NSE index of metal stocks - was the top sectoral loser as it lost over 2.5 per cent in trade
Barring the Nifty PSU Bank - the index of public sector banks- all sectoral indices traded in the red.India VIX - the index which helps
gauge volatility in markets - was up 3.56 per cent.The broader markets traded in line with the benchmarks as the SP BSE Midcap lost 1.77 per
cent and the SP BSE Smallcap 1.65 per cent.On Friday, the Sensex had closed at 34,376.99, down 792.17 points or 2.25 per cent and the
Nifty50 had settled at 10,316.45, with a loss of 282.80 points or 2.67 per cent
Foreign portfolio investors and domestic institutional investors sold and purchased net equities of Rs 3,370.14 crore and Rs 1,902.07 crore
respectively, according to provisional data from NSE.
