The Sensex ended lower on Monday due to profit booking in the fast moving consumer goods stocks, led by cigarette maker ITC .
ITC fell 3.4 percent, while Hindustan Unilever ended 1.7 percent lower.
IT stocks were also under pressure after Macquarie downgraded the sector to "underweight" from "overweight", citing demand concerns.
Tata Consultancy Services fell 1.4 percent, while Infosys ended 0.4 percent lower.
The sensex provisionally fell 0.3 percent to 17,383.39 points.
The Nifty fell 0.01 percent to 5,278.60 points.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app