Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended marginally lower on Monday weighed by market heavyweight Reliance Industries (RIL) and ICICI Bank.
The S&P BSE Sensex fell 127.31 points (0.22 per cent) to end at 58,177.76, while the Nifty 50 slipped 13.95 points (0.08 per cent) to settle at 17,355.30. Both the indices had opened in the red and traded lower throughout the morning trade. They had briefly erased losses and swung towards the early afternoon trade however they eventually slipped and ended lower.
RIL was the top laggard of the day on Sensex as it ended 2.22 per cent lower after Jio delayed the launch of its ultra-low-cost smartphone, possibly due to semiconductor shortages that the industry is facing. It was followed by ICICI Bank, Hindustan Unilever (HUL), HDFC Bank and Mahindra & Mahindra (M&M).
On the other hand, Tata Consultancy Services (TCS), Bharti Airtel, Bajaj Finserv, Tata Steel Maruti Suzuki India and Kotak Mahindra Bank were the top gainers.
Among the sectoral indices, the Nifty Media index rose 1.34 per cent led by Dish TV India and Zee Entertainment Enterprises. It was closely followed by Nifty Metal index which gained 1.29 per cent aided by Coal India and Hindalco Industries. The Nifty IT index too rose 0.94 per cent led by MindTree and MphasiS. The key Nifty Bank howver, fell 0.58 per cent weighed by AU Small Finance Bank and ICICI Bank.
The broader market indices outperformed their benchmark peers with the S&P BSE MidCap index rose 78.16 points (0.32 per cent) to end at 24,783.45, while the S&P BSE SmallCap settled at 27,866.14, up 221.04 points (0.80 per cent).
(with inputs from agencies)