Sensex rises 365 points below 54,500, Nifty at 16,300. Under
The benchmark indices were under pressure on Monday, with the Sensex falling nearly 365 points following a sell-off in global markets and fall in shares of major Reliance Industries. Continuous outflow of foreign funds and the rupee hitting an all-time low also weighed on the sentiment.
The 30-share BSE Sensex closed at 54,470.67, down 364.91 points or 0.67 per cent. During the day, it closed 917.56 points or 1.67 per cent lower at 53,918.02. The NSE Nifty closed 109.40 points or 0.67 per cent lower at 16,301.85.
Reliance Industries, Nestle, IndusInd Bank, Tech Mahindra, Tata Steel, State Bank of India, Hindustan Unilever and ITC were among the laggards among Sensex firms. PowerGrid, HCL Technologies, Infosys, Maruti and Bajaj Finserv were among the gainers.
Elsewhere in Asia, markets in Tokyo and Seoul closed lower, while Shanghai ended higher. Markets remained closed in Hong Kong due to the holiday. Europe’s stock markets also declined in the afternoon session. Stock exchanges in the US fell on Friday.
Meanwhile, international oil benchmark Brent crude fell 1.17 per cent to USD 111 a barrel.
Foreign institutional investors sold shares worth a net Rs 5,517.08 crore on Friday, according to stock exchange data.