The market lost ground on Monday, with the Sensex falling more than 100 points as investors preferred booking profits after a 2.5 percent rally in previous week and due to weak global cues. The BSE Sensex slipped 130.25 points to 29,518.74 and the Nifty dropped 33.20 points to 9,126.85. However, the broader markets outperformed benchmarks, with the Nifty Mid-cap rising 0.4 percent, BSE Small Cap gained 42 points at 14054 and BSE Mid-Cap hiked 24 points at 13916.
The Indian Rupee closed higher by 8 paise at 65.38 per Dollar. There were 802 advances, 842 declines and 291 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
The Indian Rupee closed higher by 8 paise at 65.38 per Dollar. There were 802 advances, 842 declines and 291 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
The profit booking was warranted after a rally in previous week, say experts who expect the market to consolidate for couple of days before getting traction to move towards record high. Huge inflow from FIIs since February indicated that uptrend is still intact.
Top BSE Gainers: BHEL, NTPC,Bharti Airtel,Coal India,HDFC Bank.
Top BSE Losers: Axis Bank, ICICI Bank, Infosys, TCS, Wipro.
