Mumbai, Dec 23 (SocialNews.XYZ) Selling in index heavyweights like Reliance Industries, ICICI Bank and State Bank of India led the Sensex and Nifty to finish marginally lower on Monday, although 28 of the Nifty 50 stocks closed with gains.
Top index contributor Reliance Industries was among the top laggards, shedding 1.76 per cent to close at Rs 1,570.95 a share after the government filed a petition in Delhi High Court, seeking to block its $15 billion deal with Saudi Aramco.
Sensex closed 38 points lower at 41,642.66 after touching an intra-day high of 41,701.62 and a low of 41,474.61 while the broader Nifty settled at 12,266.15, lower by 0.05 per cent.
Maruti Suzuki, Hero MotoCorps and HDFC were the top gainers on the BSE, while Nestle India and SBI, along with RIL, were the biggest laggards.
"Investors remain side-lined with the absence of fresh triggers from the market in a holiday shortened week. Auto stocks traded positive ahead of fresh launches due next month while banking stocks witnessed profit booking," said Vinod Nair, Head of Research at Geojit Financial Services.
Nair added that there is a growing confidence among investors that the government will address the growth concerns through adequate measures to boost consumption and investment to maintain buoyancy in the market.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
