Comments
The Nifty and the Sensex closed marginally in the red on Monday following European markets which were choppy in opening trade.
The Nifty closed at 5,350, down 36 points (0.68 per cent). The Sensex closed at 17,679, down 104 points (0.59 per cent).
Market-men said lack of policy action from the government also added to the sentiment of fatigue.
“While the concerns over the deficit rainfall may now be waning, the debate over the CAG report on coal continues to haunt the political scenario. Overall, we could see this week characterised with selling pressure for most of the trading sessions,” said Milan Bavishi, Head -Research-Inventure growth & Securities.
The biggest losers of the day on the NSE were Banks, Realty, Metals, Infrastructure and Metals indices. FMCG, Energy and Media were the only indices that closed marginally in the green.
Volatility was up 2 per cent and the India Vix closed at 16.47.
M&M, PowerGrid, Cairn,HUL and Cipla were the top five Nifty geiners while PNB Jindal Steel, JP Associates, IDFC and Axis Bank were the top five losers.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.