Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
Broadly negative global cues along with weakness in the Indian rupee and caution ahead of the release of macroeconomic inflation data point subdued the key Indian equity indices on Monday.
The rupee touched an all-time low of 69.80 per US dollar on Monday following weakness in global peers.
At 3.30 p.m., the wider NSE Nifty50 provisionally closed at 11,355.75 points, lower by 73.75 points or 0.65 per cent from its previous close.
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The barometer Sensex on the BSE closed at 37,644.90 — lower by 224.33 points or 0.59 per cent — from its previous close of 37,869.23 points.
It touched an intra-day high of 37,799.54 points, and a low of 37,559.26 points.
The top gainers on the Sensex so far were Infosys, Sun pharma, Wipro, Mahindra and Mahindra and Coal India, while the major losers were Yes Bank, Vedanta, Tata Motors (DVR), State Bank of India and ONGC.
Earlier on Monday morning, The key Indian equity indices opened on a negative note tracking a similar trend in the Asian markets.
Heavy selling pressure was witnessed in banking, auto and metal stocks, analysts said.
At 11.13 am the wider Nifty50 on the National Stocks Exchange traded at 11,362.25 points, lower by 67.25 points or 0.59 per cent from its previous close.
The S&P BSE Sensex which had opened at 37,693.19 points, traded at 37,650.47 points, lower by 218.76 points or 0.58 per cent from the previous close of 37,869.23 points.
At 9.30 am the Nifty50 was trading at 11,362.50 points and the Sensex was at 37,693.19 points.
It has touched a high of 37,693.19 points and a low of 37,581.07 points so far.
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