Key Indian stock market indices were trading sharply lower for the fourth consecutive session on Monday, with the benchmark Sensex losing 449 points, led by strong selling pressure on banking and financial stocks. The 30 shares of S&P BSE Sensex traded at 449.38 points or 0.78% down to 56,912.82 points at 12:04 p.m., against the previous day’s close at 57,362.20 points.
Earlier, the Sensex started the day on a positive note at 57,472.72 points. However, it came under selling pressure soon after the trade opened. The Sensex fell to a low of 56,825.09 points on the day. The Sensex is trading in the red for the fourth consecutive day. The Sensex had lost 233.48 points or 0.41% on Friday.
The National Stock Exchange’s broader Nifty 50 traded 135.15 points or 0.79% at 17,017.85 against the previous session’s close at 17,153. The Nifty was down 69.75 points or 0.4% on Friday. Banking and financial stocks came under strong selling pressure. HDFC fell 2.82% to Rs 2,239.30. HDFC Bank fell 1.68% to Rs 1,407.75. Kotak Bank fell 1.40% to Rs 1698. State Bank of India traded down 0.93% to Rs 485.90
Dr Reddy’s Laboratories, Nestlé India, Mahindra & Mahindra, HCL Technologies, Titan and L&T were among Sensex’s biggest losers. (ANI)
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