The 30-share Sensex ended 0.28 per cent to 61,624.15 while its broader peer the Nifty50 ended 0.11 per cent lower to settle at 18,329.15
Indian equity benchmarks ended slightly lower on Monday as investors remained cautious ahead of key inflation data due to be released later in the day.
The 30-share Sensex ended 0.28 per cent to 61,624.15 while its broader peer the Nifty50 ended 0.11 per cent lower to settle at 18,329.15.
On the Sensex, Kotak Mahindra Bank, Tata Steel, Power Grid Corporation of India, IndusInd Bank, Infosys were the top gainers.
Dr Reddy Laboratories, ITC, Hindustan Unilever, State Bank of India, and ICICI Bank were among the top losers on the 30-share index.
“Markets mostly wavered in today’s session as investors reassessed the outlook for US growth and the soft October US inflation report. That said, metal stocks were the big outperformers on the backdrop of a rally in mining stocks across global stock markets amid firm commodity prices,” said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities.
On the sectoral front, the Nifty FMCG index fell 1 percent and the PSU Bank index shed 0.6 per cent. The metal index added 1.7 per cent and the information technology index rose 0.8 per cent.
Stock specific movements were seen in LIC, Zee Entertainment Eneterprises and Shakti Pumps India.
LIC posted its biggest intraday surge since its listing in May and ended 5.9 per cent lower after strong quarterly earnings.
Zee and Shakti pumps tanked after dismal results.
“As long as Nifty holds the 18,077 support, its immediate goal post is seen at its all-time-high at 18605 mark and then aggressive targets at the psychological 19,000 mark,” said Mehta on the technical outlook.