Last Updated:
Sensex and Nifty ended lower on Monday ahead of US Fed interest rate decision, weighed down by weak global cues.
On Monday, the 30-share BSE Sensex dropped 384.55 points or 0.47% to close at 81,748.57, after falling 581.84 points or 0.70% intraday to touch 81,551.28.
Stock Market Updates: The Sensex fell by 350.98 points to 81,397.59 in early trade on Monday, while the Nifty declined 100.8 points to 24,567.45.
The rupee dropped by 1 paisa, reaching a record low of 84.92 against the US dollar in early trading.
Benchmark indices Sensex and Nifty ended lower on Monday as investors turned cautious ahead of the US Fed interest rate decision, weighed down by weak global cues.
Selling pressure in metal and IT stocks,
couple
d with a weak rupee and sluggish Chinese economic data, further dampened market sentiment.
The 30-share BSE Sensex dropped 384.55 points or 0.47% to close at 81,748.57, after falling 581.84 points or 0.70% intraday to touch 81,551.28. Meanwhile, the NSE Nifty declined 100.05 points or 0.40% to settle at 24,668.25.
Top Losers:
From the Sensex blue-chip pack, the major laggards included Titan, Adani Ports, UltraTech Cement, TCS, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever, and JSW Steel.
Broader Market Performance:
The BSE midcap index gained 0.73%, while the smallcap index climbed 0.47%.
Sectoral Indices:
Losers:
Metal (-0.95%)
Teck (-0.82%)
Oil & Gas (-0.75%)
BSE Focused IT (-0.74%)
Utilities (-0.63%)
Gainers:
Realty (+3.17%)
Consumer Discretionary (+0.69%)
Consumer Durables (+0.50%)
Capital Goods (+0.38%)
Healthcare (+0.22%)
Global Markets:
- Asian markets: Seoul, Tokyo, Shanghai, and Hong Kong ended lower.
- European markets: Trading in the red.
- US markets: Wall Street closed mostly lower on Friday.
Macroeconomic Highlights:
- Wholesale price-based inflation eased to a three-month low of 1.89% in November due to cheaper food prices.
- India’s merchandise exports for November dipped 4.85% to USD 32.11 billion, compared to USD 33.75 billion in the same month last year.
- The rupee depreciated 9 paise to a record low of 84.89 (provisional) against the US dollar.
FII Activity:
Foreign Institutional Investors (FIIs) purchased equities worth Rs 2,335.32 crore on Friday, according to exchange data.
Commodities:
Global oil benchmark Brent crude fell 0.75% to USD 73.91 per barrel.
