Markets Close Marginally Lower Owing To Negative Asian Trends

The equity benchmark indices Sensex and Nifty closed marginally lower on Monday owing to negative Asain trends, dragged down by selling in banking and auto stocks.

The 30-share BSE Sensex sank 36.22 points, or 0.04 percent to 79,960.38. The Nifty marginally dropped 3.30 points, or 0.01 percent to 24,320.55.

Bank of Baroda, Divi’s Labs, Titan, Canara Bank, Jindal Steel & Power, BPCL, Shriram Finance, Interglobe Aviation, Bosch, Samvardhana Motherson, Adani Ports, Cholamandalam Invest, Siemens, Adani Power, JSW Steel, and Vedanta were the top laggards.

Among the gainers were IRFC, RECL, Marico, ONGC, Godrej Consumer, GAIL (India), Bharat Electronics, Dabur India, Power Finance Corp, Bajaj Holdings, ITC, HDFC Life Insurance, SBI Cards,  IRCTC, United Spirits, Hindustan Unilever, and Tata Consumer.

In Asian markets, Thailand, and Taiwan concluded in positive territory, while Tokyo, Hong Kong, Indonesia, Malaysia, Shanghai, South Korea, and Singapore ended in negative territory.

US markets closed higher on Thursday.

European stocks were trading higher.

Brent crude lost 0.89 percent to USD 85.77 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday.

On Friday, the Sensex slipped 53.07, or 0.06 percent to 79,996.60, while the Nifty advanced 21.70 points, or 0.08 percent to 24,323.85.

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