Market declines due to foreign investor selling, weak quarter earnings
At the close, the Sensex fell by 1.2 per cent or 942 points to 78782.24, while the Nifty dropped 1.27 per cent or 309 points to 23995.35.
Indian markets traded trembled during the intraday trade on Monday with Sensex down 20 point or 0.13% at 40,272.61, while Nifty50 was at 11887.50 low by 20.65 points or 0.17% at 1120 hours.
Moody’s on Friday cut rate from “negative” to “stable”, citing increasing risks that India will grow at a slower pace than in the past. Stocks had ended 1% lower on Friday. BSE Sensex opened at 40,316.50 from its previous close of 40,323.61.
Yes Bank with a high 2.54% followed by Indiabulls Hsg 1.67%, IRCTC 3.96% were the top gaining active shares on the BSE.
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Meanwhile, the top gainers were: NTPC 3.28%; Yes Bank 2.32%; Tata Steel 0.80%; Tata Motors 0.83%; Kotak Mahindra 0.67%.
On the other hand, top drags were: HCL Tech -1.52%; TCS -1.43%; Sun Pharma -1.26%; Maruti Suzuki -1.01%; Asian Paints -1.05%.
(With input from agencies)
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