Indian Equity benchmarks started off the week on negative note, falling for the second consecutive session on Monday weighed down by banks and oil & gas stocks but FMCG major Hindustan Unilever bucked the trend post strong Q1 earnings
Sensex closed below 26000 level, down 135.52 points to 25991.23 and the 50-share NSE Nifty dropped 41.75 points to 7748.70 while the BSE Midcap and Smallcap indices were down 0.4-0.7 percent.
Coal India, India’s largest coal mining company, was the biggest loser in Sensex, down 3 percent after media report suggested that the government is looking to lower the e-auction volumes by more than half to 25 million tonne, which will impact profitability of the company.
Shares of Reliance Industries, ICICI Bank, Tata Motors, ONGC, Tata Steel and Hindalco Industries were prominent losers, down 1.4-2 percent. TCS and HDFC Bank fell over 0.6 percent.
Sun Pharma and BHEL gained more than a percent followed by Infosys, Wipro and HDFC with 0.2-0.9 percent.
Sensex closed below 26000 level, down 135.52 points to 25991.23 and the 50-share NSE Nifty dropped 41.75 points to 7748.70 while the BSE Midcap and Smallcap indices were down 0.4-0.7 percent.
Coal India, India’s largest coal mining company, was the biggest loser in Sensex, down 3 percent after media report suggested that the government is looking to lower the e-auction volumes by more than half to 25 million tonne, which will impact profitability of the company.
Shares of Reliance Industries, ICICI Bank, Tata Motors, ONGC, Tata Steel and Hindalco Industries were prominent losers, down 1.4-2 percent. TCS and HDFC Bank fell over 0.6 percent.
Sun Pharma and BHEL gained more than a percent followed by Infosys, Wipro and HDFC with 0.2-0.9 percent.
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