Indian equity indices fell on Monday amid broad-based selling as investors turned cautious ahead of the US Fed policy decision and India CPI data that are lined up this week . Persistent selling from FIIs also dragged the market sentiment.
Sensex ended the session at 85,102.69, down 609.68 points or 0.71 per cent. The 30-share index started lower at 85,624.84 against last session’s closing of 85,624.84. The index extended the loss further amid overall selling to touch an intra-day low at 84,875.59.
Nifty closed 25,960.55, down 225.90 points or 0.86 per cent.
Volatility was further amplified by a surge in Japanese bond yields to multi-year highs, sparking fears of a potential unwinding of the yen carry trade, he added.
Eternal, Trent, Tata Steel, Bajaj Finance, Bajaj FinServ, PowerGrid, Asian Paint, Tata Motors PV, Titan, NTPC, Kotak Bank, L&T, Bharti Airtel, Mahindra and Mahindra, Axis Bank, Hindustan Unilever, Sun Pharma, Ultratech Cement, ITC, Maruti Suzuki, and Infosys were among the losers from the Sensex basket. Tech Mahindra settled in positive territory.
The majority of sectoral indices traded lower amid overall selling. Nifty Fin Services fell 194 points or 0.70 per cent, Nifty Bank slipped 538 points or 0.90 per cent, Nifty Auto dipped 342 points or 1.23 per cent, Nifty FMCG traded 662 points or 1.20 per cent lower, and Nifty IT closed 112 points or 0.29 per cent lower.
Broader indices followed suit as well. Nifty Smallcap 100 fell 456 points or 2.61 per cent, and Nifty Midcap100 ended 1106 points or 1.83per cent lower, and Nifty 100 dipped 281 points or 1.05 per cent.
-IANS
