Sensex slips to 56,579.89 points, Nifty drops below 16,700
On Monday, the benchmark Sensex and Nifty indices were on a downward trend. While the Sensex plunged 1.09% to 56,579.89 points, the Nifty fell 1.29% to 16,953.95 points. The midcap stocks witnessed a bearish run with the Nifty Midcap 50 shedding 178.4 points to end at 8,121.35 points. Here's all you need to know about Monday's market report.
As far as the top performing sectors are concerned, NIFTY BANK led the way, gaining 0.1%. The top gaining stocks were Bajaj Auto, HDFC Bank and ICICI Bank, adding 2.01%, 0.99% and 0.97%, respectively. The biggest losers were NIFTY REALTY, NIFTY PSE and NIFTY METAL, shedding 3.91%, 3.41% and 2.94%, respectively. The top losing stocks—Coal India and BPCL—lost 6.75% and 6.02% respectively.
Coming to the Asian markets, the Hang Seng Index on Monday slipped 769.18 points, or 3.73%, to 19,869.34 points while the Nikkei rose 514.48 points, or 1.9%, to 26,590.78 points. In the US, NASDAQ witnessed a decline, edging 2.55% lower to 12,839.29 points.
On Monday, the Indian rupee (INR) declined 0.28% against the US Dollar to end at Rs. 76.7 in the forex trade. Meanwhile, both gold and silver futures slipped, with the prices of gold and silver dropping to Rs. 51,936 and Rs. 65,325, respectively. On the other hand, the crude oil futures slipped 3.96% to $97.97 per barrel.
The fuel prices in New Delhi remain unchanged on Monday, with diesel priced at Rs. 96.71/liter and petrol costing Rs. 105.45/liter. Meanwhile, in Mumbai, diesel costs Rs. 104.75/liter and petrol is priced at Rs. 120.5/liter.