Share Market Highlights: After scaling record highs in the opening deals on Monday, the benchmark equity market indices on the BSE and National Stock Exchange (NSE) settled around 1 per cent lower weighed by market heavyweight Reliance Industries (RIL), HDFC Bank and Kotak Mahindra Bank.
The S&P BSE Sensex cracked 416.46 points or 0.99 per cent to settle at 41,528.91 and the Nifty 50 ended at 12,224.55, down 127.80 points or 1.03 per cent. Earlier in the day, Sensex had climbed 328.50 points to scale a record high of 42,273.87 in the opening deals. The 50-share NSE benchmark also rose 78.15 points to touch 12,430.50.
The losses in the 30-share BSE benchmark was led by oil-to-telecom behemoth RIL which fell 3.08 per cent on Monday. Private banks HDFC Bank (down 1.80 per cent) and Kotak Mahindra Bank (down 4.70 per cent) and information technology (IT) giant Tata Consultancy Services (TCS) (down 2.16 per cent) were the other top contributors to Monday’s fall.
All the sectoral indices on NSE except Nifty FMCG and Nifty Realty indices ended in a sea of red. The Nifty Bank index was the top sectoral loser on Monday after it crashed 494.30 points (1.56 per cent) to end at 31,096.35. Kotak Mahindra Bank, HDFC Bank and IndusInd Bank were the top draggers of the Bank Nifty. The Nifty IT index too fell 142.90 points (0.87 per cent) to settle at 16,213.70 weighed by TCS.
(with inputs from agencies)