Markets Close Flat as Nifty Fails to Hold on to 11,700-Mark
Sensex closed at 39,122.96, down 71.53 points Nifty lost 24.45 points, closing slightly under the 11,700-mark.
Benchmark equity indices Sensex and Nifty closed on a flat note on Monday, 24 June, even as they finished with minor losses.
30-share BSE index closed at 39,122.96, down 71.53 points while the broader 50-share NSE Nifty lost 24.45 points, closing slightly under the 11,700-mark.
Almost all sectoral indices finished in the red with Nifty Metal cub-index losing more than a percent during the day’s trade.
Yes Bank, Mahindra & Mahindra, TCS and SBI were among the top gainers on Monday.
According to experts, volatility in crude oil prices due to global political uncertainty has dampened investor sentiment. Going ahead, the upcoming Union budget will remain the key event in the market.
The global oil benchmark Brent crude futures rose 0.40 percent to 64.71 per barrel.
On the currency front, the Indian rupee was trading almost flat at 69.57 against the US dollar.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading on a positive note in their respective early sessions.
On Wall Street, S&P 500 and Nasdaq ended in the red on Friday, 21 June.
Meanwhile, on a net basis, foreign institutional investors sold equity worth Rs 730.58 crore, while domestic institutional investors purchased shares to the tune of Rs 445.75 crore, provisional data available with stock exchanges showed Friday.
(With inputs from PTI and Money Control)
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