Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) ended around 1 per cent lower on Monday tracking weakness in the global market.
The S&P BSE Sensex crashed 524.96 points (0.89 per cent) to settle at 58,490.93, while the Nifty 50 ended at 17,396.90, down 188.25 points (1.07 per cent). Both the indices had opened in the red but pulled back initially in the morning trade. However as the trade progressed, the benchmarks skid in the afternoon trade amid a selloff across metals, banking and auto stocks.
Tata Steel was the worst performer on the Sensex pack skidding 9.5 per cent on Monday. It was followed by State Bank of India (SBI), IndusInd Bank, Housing Development Finance Corporation (HDFC), Dr. Reddy’s Laboratories and Mahindra & Mahindra (M&M). On the other hand, Hindustan Univeler (HUL), Bajaj Finserv, ITC, HCL Technologies and Nestle India were the top gainers on Monday.
Among the sectoral indices, the Nifty Metal index cracked 6.60 per cent dragged by Tata Steel, Jindal Steel & Power and National Aluminium Company. Apart from this, the key Nifty Bank fell 1.76 per cent weighed by The Federal Bank, Punjab National Bank and RBL Bank. The Nifty Auto index too declined 1.44 per cent driven by Tata Motors, Bharat Forge and Eicher Motors. On the other hand, the Nifty FMCG index, which was the only gainer of the day climbed 0.91 per cent led by HUL, Marico and ITC.
In the broader market, the S&P BSE MidCap ended at 24,598.51, down 447.97 points (1.79 per cent) while the S&P BSE SmallCap settled at 27,490.27, down 516.52 points (1.84 per cent).
(with inputs from agencies)