All sectors in red barring PSU banks, realty as Sensex ends 325 points lower

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All sectors in red barring PSU banks, realty as Sensex ends 325 points lower
All sectors in red barring PSU banks, realty as Sensex ends 325 points lower

The market indice Sensex ended 325 points lower on Monday whereas the Nifty Smallcap 100 index proved to be an outlier in a bearish market as it ended 0.65 p.c larger. All sectors barring Nifty PSU Bank and Nifty Realty indices shut store in destructive territory

Nifty declined in the primary hour of commerce on Monday to finish nearly at intra-day low. At shut, Nifty was down 0.43 per cent or 84.2 points at 19441.4, mentioned Deepak Jasani, Head of Retail Research at HDFC Securities.

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Indian inventory market graphic (Infographics : Pinaki Paul)IANS

Asian markets had been blended on Monday forward of key US inflation information later in the week, with merchants nonetheless involved the Federal Reserve may carry rates of interest once more.

European markets made a constructive begin to the brand new buying and selling week, with buyers waiting for excessive stakes talks between the US and China in the subsequent few days, Jasani mentioned.

Goldman Sachs has upgraded shares in India, citing the market’s strategic enchantment, wholesome quarterly outcomes and powerful progress prospects.

India is anticipated to supply the “most promising long-term progress alternatives in the realm”, with the potential for mid-teens earnings progress in the approaching years notably pushed by its largely domestic-oriented progress, he added.



Eicher Motors’ inventory rose greater than 2 per cent due to the corporate’s good second-quarter efficiency, mentioned Vaibhav Vidwani, Research Analyst, Bonanza Portfolio.

Bajaj Finance, Infosys, Tech Mahindra, and ICICI Bank had been among the many prime Sensex losses. However, shares of Mahindra and Mahindra (M&M), JSW Steel, NTPC, and Power Grid contributed to the discount of losses.

Except for PSU financial institution and realty indices, all sectors closed the buying and selling in the red. The Nifty Consumer Durables and Nifty IT indices had been the toughest impacted, he mentioned.

Coal India, Aurobindo Pharma, DB Realty, Canara Bank, and Federal Bank had been among the many shares that set 52-week highs, he added.

(With inputs from IANS)

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