Indian stock markets ended lower on Monday, dragged down by selling pressure in IT and FMCG stocks as renewed tensions in West Asia triggered a sharp rise in crude oil prices.
The surge in oil prices raised concerns over inflation and corporate profitability, weighing on investor sentiment and keeping the benchmark indices under pressure through the session.
The 30-share benchmark index ended at 76957.27 down by -307.24 points or by -0.4 % and then NSE Nifty was at 24080.4 down by -95.25 points or by -0.39 %.
Sensex touched intraday high of 77177.27 and intraday low of 76751.32 The NSE Nifty touched intraday high of 24128.7 and intraday low of 23993.6
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 1956.00,+1.87%), ICICI Bank Ltd. (Rs. 1450.00,+1.74%), Axis Bank Ltd. (Rs. 1283.00,+1.50%), State Bank of India (Rs. 1060.00,+1.33%), Bajaj Finserv Ltd. (Rs. 2018.45,+1.02%), among others.
The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 1635.00,-4.11%), ITC Ltd. (Rs. 256.25,-3.67%), Bharti Airtel Ltd. (Rs. 1830.00,-2.76%), HDFC Bank Ltd. (Rs. 709.00,-1.53%), Infosys Ltd. (Rs. 1126.55,-1.50%), among others.
Bankex index was at 65198.96 up by 235.48 points or by 0.36%. YES Bank Ltd. (Rs. 22.60,+2.31%), IDFC First Bank Ltd. (Rs. 85.05,+2.25%), ICICI Bank Ltd. (Rs. 1450.00,+1.74%), Federal Bank Ltd. (Rs. 349.00,+1.51%), Axis Bank Ltd. (Rs. 1283.00,+1.50%),.
Metal index was at 41930.97 down by -1038.38 points or by -2.42%. Adani Enterprises Ltd. (Rs. 2921.00,-7.74%), Hindustan Zinc Ltd. (Rs. 597.50,-3.89%), National Aluminium Company Ltd. (Rs. 380.50,-3.43%), Hindalco Industries Ltd. (Rs. 1016.00,-2.02%), APL Apollo Tubes Ltd. (Rs. 2226.00,-1.46%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4934 , shares advanced were 1961 while 2710 shares declined and 263 were unchanged.