Key benchmark Sensex and Nifty clocked its steep fall on Monday as a new record low in rupee raised fresh concerns over foreign fund outflows, which hit Rs 5,600 crore in the last five sessions.
The 30-scrip Sensex tanked 467.65 points to 37,922.17 while the NSE Nifty ended the session at 11,438.10, down 151 points. In the Sensex, 8 stocks closed higher and the remaining 42 ended lower. Selling force was gripped in FMCG, consumer durables, telecom, finance, banks realty, metals, power, energy and auto sectors.
HCL Tech up 1.54%, Axis Bank rose 0.92%, Zee went up 0.66%, Cipla higher 0.24%, and TCS up 0.20%. On the other hand, Bajaj Finance, Indiabulls Housing Finance, Bajaj Finserve and Sun Pharma were top losers.
Pharma, auto, FMCG, realty and financials stocks too helped the Nifty PSU Bank index in dragging the NSE benchmark Nifty lower.
Bank Nifty closing the session 1.02 per cent lower at 27,201.75. Besides, all the Nifty sectoral constituents ended in the red, with Nifty Pharma Index closing 2.01 per cent lower at 10,446.50.
Shares of RITES Ltd jumped over 3.45% on NSE after the company announced that it has obtained an additional work of Rs 294.67 crore from the Ministry of Railways.
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