Sensex, Nifty end lower amid volatile trade and profit booking
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- ✓Sensex and Nifty ended lower on Monday amid volatile trade and profit booking.
- ✓The Sensex fell 876.37 points to 73,852.90, while Nifty dropped 257.20 points to 22,888.95.
- ✓Ajit Mishra said, “Markets traded volatile on Monday and declined over 1 per cent amid weak market cues.” Heavyweight stocks led the broad sell-off.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Benchmarks witnessed a volatile session on Monday, with the Sensex falling more than 1,000 points intraday before recovering some losses. The Nifty 50 fell 257.20 points, or 1.11 per cent, to close at 22,888.95, while the BSE Sensex declined 876.37 points, or 1.17 per cent, to settle at 73,852.90. The Bank Nifty shed 355.90 points to end at 55,488.10.
Profit booking after last week’s rally, weak global cues, foreign fund outflows and concerns over elevated crude oil prices weighed on sentiment, while investors also reacted to September-quarter earnings from major companies.
The sell-off gathered momentum in the afternoon as heavyweight stocks came under pressure. Private-sector banks were among the key drags following earnings announcements, while information technology stocks retreated after their recent gains. The decline also extended to midcap and smallcap stocks, reflecting broader risk aversion. Elevated crude prices amid geopolitical tensions added to concerns over India’s import bill and inflation.
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