Sensex, Nifty fall amid concerns over earnings, economic slowdown

The index of industrial production rose 0.5%, its slowest growth since June 2017 as manufacturing output fell

The benchmark indices fell 0.5 per cent on Monday amid investor concerns regarding a weak start to the results season and worries over slowdown in economic growth. The Sensex fell 156 points, or 0.43 per cent, to end at 35,853.56, while the Nifty ended at 10,737.60, down 57 points, or 0.53 per cent.

Two of the three Nifty50 companies that have announced results missed analysts’ expectations.  Tata Consultancy Services (TCS), the biggest Indian company by market capitalisation, had missed consensus estimates for revenue and operating margins. Similarly, Infosys missed consensus estimates for its net profit.

Market participants said the earnings