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Equity benchmark Sensex declined over 120 points on Monday, tracking losses in index heav❀yweights Reliance, SBI and HDFC twins amid a 🍒largely subdued trend in global markets.
The 30-share BS♕E index ended 123.53 points or 💖0.23 per cent lower at 52,852.27, while the broader NSE Nifty slipped 31.60 points or 0.20 per cent to 15,824.45.
SBI was the top 𒉰loser in the Sensex pack, shedding over 1 per cent, followed by Reliance Industries, Tech Mahindra, M&M, L&T, Bharti Airtel, IndusInd Bank and HDFC.
On the other hand, Bajaj Finserv, UltraTech Cement, Sun Pharma, Titan, Tata Steel and Kotak Bank were among the gaꦿiners.
"Indian markets started m🦋arginally in red following negative Asian market cues as China tech and education shares plunged and Singapore's manufacturing output declined 3 per cent in June on a seasonally adjusted, month-on-month basis.
“During the afternoon session markets swung between positive and negative territory with lacklustr♐e trade as traders were concerned as foreign portfolio investors (FPIs) offloaded Indian equities to the tune of over Rs 5,689 crore in July so far as they continued to adopt a cautious stance in view of various domestic and global factors," said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.
Also, the European stocks were seen retreating as investors watch corporate earnings, coronavirus 🐽cases and German business sentiment, which fell unexpectedly in July as supply chain constraints and rising COVID-19 infections dampened recent optimism, Solanki added.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended💜 with significant losses, while Tokyo closed in the green.
Equities in Eu꧅rope were trading on a negative note in the mid-session deals.
Meanwhile, international oilꦑ benchmark Brent🌳 crude declined 0.34 per cent to USD 73.85 per barrel.
The rupee clos🦂ed 2 paise lower at 74.42 (provisional) 💝against the US dollar.
Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 163.3🤪1 crore on Friday, as per provisional exchange data.
