Stock Markets Close Lower Owing To Negative Global Trends

On Monday, benchmark equity indices Sensex and Nifty closed lower owing to negative global trends after reaching an all-time high in early trade, with the Sensex surpassing 77,000 for the first time in history.

The 30-share BSE Sensex sank 203.28 points, or 0.26 percent to 76,490.08. The NSE Nifty dropped 30.95 points, or 0.13 percent to 23,259.20.

Vedanta, Tech Mahindra, Infosys, GAIL (India), Mahindra & Mahindra, and LITMindtree were the top laggards.

Among the gainers were Samvardhana Motherson, Shree Cement, Interglobe Aviation, UltraTech Cement, Ambuja Cement, and RECL.

In Asian markets, Singapore, and Tokyo ended in positive territory, while South Korea and Malaysia closed in negative territory.

Chinese, Hong Kong, Taiwanese, and Australian markets were closed on Monday for holidays.

The US stock market closed down on Friday.

European stocks were trading lower.

Brent crude gained 0.31 percent to USD 79.87 per barrel.

According to data exchange, Foreign Institutional Investors (FIIs) bought equities worth Rs 4,391.02 crore on Friday.

On Friday, the Sensex climbed 1,618.85 points or 2.16 percent to 76,693.36, while the Nifty advanced 468.75 points or 2.05 percent to 23,290.15.

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