Share Market: Indices Reverse Gains, Sensex Ends Over 200 Points Down, Nifty Under 22,500

On the 30-share Sensex platform, PowerGrid, HUL, Infosys, and Asian Paints emerged among the gainers in the session. Meanwhile the laggards included IndusInd Bank, Zomato, L&T, Titan, and M&M.

The Nifty Microcap 250 dominated the losses and plunged 2.50 per cent, followed by the Nifty Smallcap 50 index settling the session 2.01 per cent lower.

Source : ABPLIVE AI

The Indian share market ended trading on Monday in red. After beginning the session on a higher note, the indices reversed their gains in the day and continued to slump before closing the day in negative territory.

The BSE Sensex remained above the 74K mark but tanked more than 200 points. The benchmark index settled at 74,115, while the NSE Nifty50 closed the session under 22,500, slipping close to a 100 points to stand at 22,460.30.

On the 30-share Sensex platform, PowerGrid, Hindustan Unilever, Infosys, Nestle, and Asian Paints emerged among the gainers in the session. Meanwhile the laggards included IndusInd Bank, Zomato, L&T, Titan, and M&M.

Performance Across Sectors

In the broader markets, the indices closed completely in red. The Nifty Microcap 250 dominated the losses and plunged 2.50 per cent, followed by the Nifty Smallcap 50 index settling the session 2.01 per cent lower.

Sectorally, the FMCG index remained the only exception in green and settled 0.22 per cent higher. On the other hand, the Midsmall IT & Telecom index tanked 2.21 per cent, followed by Realty index which ended 2.04 per cent lower.

Rupee Vs Dollar

The Indian rupee witnessed its worst fall in more than a month. On Monday, the domestic currency depreciated 38 paise to settle at 87.33 (provisional) against the US dollar. This decline was attributed to volatile crude oil price and uncertainties emerging around trade relations across the globe. Further, consistent outflow of foreign funds also impacted sentiment in the market.

The global oil benchmark, Brent crude, climbed 0.28 per cent to touch $70.56 per barrel in futures trade. Meanwhile, official exchange data revealed that the Foreign institutional investors (FIIs) dumped Indian equities worth Rs 2,035.10 crore on a net basis on Friday.

The US Labour Department data on Friday revealed a surge in hiring activity in February even as the unemployment rate inched up to 4.1 per cent. Economists remained uncertain about the outlook as US President Donald Trump continued to play with the possibility of a trade war and threatened to further reduce the federal workforce.