Sensex Ends Winning Streak After 11-session On Monday
The Sensex ended an 11-session winning streak on Monday. It fell 242 points, or 0.36 per cent, to end at 67,597 dragged by index heavyweights Reliance Industries, HDFC Bank and Infosys. The broader NSE Future index, on the other hand, lost 80 points, or 0.39 per cent to end at 20,170 Both benchmarks had gained nearly 2 per cent each last week and closed at record highs.
From the Sensex pack, HDFC Bank, Bharti Airtel, Infosys, UltraTech Cement, Reliance Industries and Wipro were the top laggards, falling 1-2 per cent. On the flip side, Power Grid, Titan, M&M, NTPC and Bajaj Finserv closed higher.
Among individual stocks, Vodafone Idea shares closed 7 per cent lower after the company denied reports of it getting acquired. The company said that it was not in discussion with anybody to be taken over. Bharat Electronics shares closed over 3 per cent higher after the firm received orders worth Rs 3,000 crore.
Sector-wise, Nifty Realty declined 1.37 per cent and Nifty Metal fell 0.1 per cent. Whereas, Nifty PSU Bank and Nifty Auto closed higher. Meanwhile, Nifty Midcap100 declined 0.42 per cent and Smallcap 100 dropped 0.54 per cent.
The market breadth was skewed in favour of the bears. About 2,143 stocks declined, 1,642 gained and 162 remained unchanged on the BSE.
FII and FPIs, on Friday, saw a net sales of Rs 1236.51 crore in the cash segment. A total of Rs 8756.85 crore was sold against a total purchase of Rs 7520.34 crore. Domestic institutional investors saw a net purchase of Rs 552.55 crore in the cash segment. A total of Rs 7544.53 crore was sold against a total purchase of Rs 8097.08 crore.
