Bajaj Finance was the top gainer in the Sensex pack followed by HDFC Bank, Infosys, M&M, Asian Paints, Bharti Airtel, Dr Reddy’s, Maruti and HDFC.
Equity benchmark Sensex fell 225 points in early trade on Monday, with losses in index majors HDFC Twins, Infosys and Maruti amid persistent foreign fund outflows and a mixed trend in Asian markets.
The BSE gauge was trading 225.04 points or 0.38% lower at 58,419.78 in early trade. Similarly, Nifty fell 69.55 points or 0.40% to 17,446.75.
Bajaj Finance was the top loser in the Sensex pack, falling nearly 2%, followed by HDFC Bank, Infosys, M&M, Asian Paints, Bharti Airtel, Dr Reddy’s, Maruti and HDFC.
On the other hand, Tata Steel, PowerGrid, SBI and Reliance Industries were among the gainers.
In the previous session, the 30-share index ended 143.20 points or 0.24% lower at 58,644.82. Similarly, the NSE Nifty closed 43.90 points or 0.25% lower at 17,516.30.
Elsewhere in Asia, Hong Kong, Tokyo and Seoul were trading with losses in mid-session deals, while Shanghai was in the green.
Stock exchanges in the US closed with a mixed trend on Friday.
Government securities, forex and money markets will remain closed on Monday, the RBI said after the Maharashtra government declared a public holiday to mourn the death of legendary singer Lata Mangeshkar.
Meanwhile, the Reserve Bank of India (RBI) on Sunday postponed the Rating-Fixing Monetary Policy Committee (MPC) meeting by a day in view of declaring February 7 as a public holiday in Maharashtra to condole the demise of the Bharat Ratna veteran. announced the rescheduling. Lata Mangeshkar.
The MPC meeting was scheduled for February 7-9, 2022.
With the postponement, the meeting will now start from February 8 and the result will be declared on February 10.
International oil benchmark Brent crude slipped 0.02% to $93.25 a barrel.
Foreign portfolio investors (FPIs) pulled out ₹6,834 crore from the Indian markets in the first four trading sessions of February.
According to depository data, FPIs pulled out ₹3,627 crore from equities, ₹3,173 crore from debt segment and ₹34 crore from hybrid instruments.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 2,267.86 crore on Friday, according to stock exchange data.
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