Nifty Metal ends 2.67% lower COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME NMDC 117.85 126.30 -8.45 -6.69 9696169 HIND.COPPER 67.30 71.70 -4.40 -6.14 2724668 JINDAL STAIN .HI 177.50 188.85 -11.35 -6.01 273471 S A I L 68.85 72.85 -4.00 -5.49 22150121 TATA STEEL 574.00 600.20 -26.20 -4.37 12540239 Nifty Realty cracks 2.94% COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME DLF 214.15 226.30 -12.15 -5.37 6787728 UNITECH 6.10 6.35 -0.25 -3.94 16893168 INDBULL.REALEST. 196.60 204.65 -8.05 -3.93 3682537 PHOENIX MILLS 586.65 608.65 -22.00 -3.61 97687 OBEROI REALTY 493.65 511.20 -17.55 -3.43 207255 Sectoral BSE Sensex: Power Grid Corporation of India top gainer while Tata Steel top loser for the day Market at close The S&P BSE Sensex ended at 32,923, down 253 points while the broader Nifty50 index settled at 10,094, down 101 points. TV Today Network falls 13% after board nod for sale of radio business TV Today Network (TVTNL) has dipped 13% to Rs 460 on the BSE in noon deal trade after the company said its board granted in principle approval for sale of radio business of the company to Entertainment Network India (ENIL) as a going concern, by way of a slump sale. READ MORE
Benchmark indices fell on Monday, dragged by energy stocks such as Indian Oil Corp Ltd (IOC) and Bharat Petroleum Corp Ltd (BPCL) which declined on reports the refiners may buy stakes in GAIL (India) Ltd.
The S&P BSE Sensex ended at 32,923, down 253 points while the broader Nifty50 index settled at 10,094, down 101 points.
The market participants will closely watch key developments in the parliament this week following the no-confidence motion moved by Telugu Desam Party (TDP) after it broke away from the BJP-led NDA following the Centre's refusal to grant Special Category status to Andhra Pradesh.
In major political development, the N Chandrababu Naidu-led TDP and Y S Jaganmohan Reddy-led Yuvajana Shramika Rythu Congress Party (YSR Congress Party) on Monday were all set to push their notices of no-confidence motion against the Narendra Modi government in the Lok Sabha, as they continued their respective agitations for the granting of a special-category status to Andhra Pradesh. However, the no-confidence motions were not introduced as the Lok Sabha was adjourned till Tuesday.
In the global markets, Asian share markets slipped into the red on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike US interest rates and perhaps signal that as many as three more lie in store for the rest of the year.
Japan’s Nikkei extended early losses to drop 1.3 per cent, while the MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.5 per cent.
(with wire inputs)