Market on Monday | Nifty closes below 25,600, Sensex falls over 300 pts; realty, media stocks worst hit
Indian equities began the week on a subdued note, with the Nifty falling below 25,500 intraday as weak global cues triggered broad-based profit booking. The renewed concerns over a potential global trade war and mixed earnings weighed on sentiment. However, select buying in FMCG and auto stocks provided support, helping the benchmarks recover from the day’s lows.
At close, the Sensex was down 324.17 points or 0.39 percent at 83,246.18, and the Nifty was down 108.85 points or 0.42 percent at 25,585.50.
The BSE Midcap index declined in line with the benchmark indices, falling 0.4 percent, while the Smallcap index underperformed, dropping 1.3 percent.
Wipro, Eternal, Tata Motors Passenger Vehicles and Max Healthcare were among the top Nifty losers, while InterGlobe Aviation, Tech Mahindra, Kotak Mahindra Bank, HUL and Maruti Suzuki featured among the top gainers.
Except FMCG, all other sectoral indices ended in the red with media, Oil & Gas, Realty down 1.5-2 percent.