Market Update:
The market on Monday saw red figures as the benchmark indices were dragged by banks and also weak global cues at opening.
At closing, Sensex was at 37934.73 down by 194 points or 0.51%, Nifty closed losing 62 points or 0.56% at 11131.80 on Monday.
Banking sector underperforms on Monday dragging the Nifty Bank down by over 800 points or 3.59% at close at 21,848.75.
Highlights for the day:
- As selling increases in bank and finance stocks the market on Monday saw a downward trend.
- Asian paints, HCL Tech, Infosys among the top gainers of Nifty.
- As IT stocks gain, HCL and Infosys surge over 3 and 2 percent respectively.
- ICICI, Zee Entertain, IndusInd bank among the top losers of Nifty.
- ICICI dipped over 6 percent on Monday closing at 358.50 down by 23 Rupees.
- IT and Metal sectors ended green while FMCG, Banks, Auto and pharma ended lower.
- At close, 857 shares have advanced, 1790 declined and 161 remain unchanged.
