Closing Bell: Sensex slips by 503 points, Nifty ends below 17400
Domestic bourses closed lower for the second consecutive day on Monday amid selling pressure seen in the realty, oil & gas and PSU banking stocks.
After opening positively, the Indian equity indices declined for the second straight session on December 13 dragged by losses in Reliance Industries, Infosys, HDFC, HDFC Bank, Bajaj Finance and ICICI Bank. The market staged a gap up opening but succumbed to selling pressure on account of profit booking. During today's trade, the Sensex fell as much as 957 points from the day's highest level and the Nifty index touched an intraday low of 17,355 after hitting a high of 17,640.
At the closing bell, the Sensex was down 503.25 points or 0.86% at 58,283.42, and the Nifty was down 143.00 points or 0.82% at 17,368.30. About 1840 shares have advanced, 1554 shares declined, and 158 shares are unchanged.
Among the top Nifty losers were Bajaj Finance, Bajaj Finserv, Tata Consumer Products, Reliance Industries and M&M, while top gainers of the index included Tech Mahindra, Axis Bank, Maruti Suzuki, Wipro and SBI Life Insurance.
Bajaj Finance was the top Nifty loser, the stock fell 3% to close at Rs 7,230. Bajaj Finserv, Reliance Industries, Mahindra & Mahindra, Tata Consumer Products, Nestle India, Indian Oil, Britannia Industries, Hero MotoCorp, Coal India, HDFC Life and Eicher Motors also went down by 1.3-2.1%.
On a sectoral basis, except Nifty IT all other sectoral indices ended in the red. In the broader markets, the BSE midcap index was down 0.5%, while smallcap index was up 0.20%.
In other trending news, Tega Industries surged 68% in its market debut. The stock opened at Rs 760, compared with the offer price of Rs 453, valuing the mining equipment maker at Rs 1,039 crore.
Start Investing Now!
Open Free Demat Account in 5 mins