Business

Sensex, Nifty Close Lower Amid Volatility Trade

Equity benchmark indices Sensex and Nifty closed lower on Monday, owing to negative global market trends.

The 30-share BSE Sensex sank 102.57 points, or 0.12 percent to 80,502.08. The NSE Nifty dropped 21.65 points, or 0.08 percent to 24,509.25.

Wipro, Reliance Industries, Kotak Mahindra Bank, ITC, SBI Life Insurance, ICICI Prudential, SBI, Cholamandalam Invest, HCL Technologies, Samvardhana Motherson, and Axis Bank were the top laggards.

Among the gainers were HAL, RECL, Bajaj Holdings, Grasim Industries, Torrent Pharma, Power Finance Corp, Tata Power, Siemens, Bharat Electronics, HDFC Bank, and NTPC.

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

US markets closed lower on Friday.

European stocks were trading in positive territory.

Brent crude gained 0.67 percent to USD 83.18 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,506.12 crore on Friday.

On Friday, the Sensex dipped 738.81 points, or 0.90 percent to 80,604.65, while the Nifty sank 269.95 points, or 1.08 percent to 24,530.90.

Also read: Israel Mandates Partial Evacuation Of Gaza Humanitarian Zone

Spriha Rai

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