Benchmark indices end lower for the fourth straight day on Monday - LuvKush Finserve

Benchmark indices ended lower for the fourth straight day on Monday as investors booked profit in index heavyweights and weak third quarter earnings reported from companies such as Bank of Baroda.

At close, the Sensex was down 30 points at 19,751 and the Nifty slipped 12 points at 5,987. All the sectoral indices closed in the negative territory except the auto index which gained 0.5%. The major laggards in day's trades were PSU, Health Care, Power, Oil & Gas and Metal indices down 1-1.5%.

From the auto space, gains in Tata Motors, Hero MotoCorp and Bajaj Auto up 0.2-2% helped the index remain in the green. The other gainers among the Sensex stocks were HDFC, ICICI Bank, Jindal Steel, TCS, HDFC Bank and Hindustan Unilever up 0.3-2%.

On the other hand, the draggers among the Sensex-30 were BHEL, Cipla, SBI, Tata Power, ONGC, Sterlite and Dr Reddys Lab down 2% each. Oil India was up nearly 2% at Rs 539 after the offer-for-sale got good response oversubscribed by over two times.

IFCI rallied 3% to Rs 35.55 on back of heavy volumes on reports that the government plans to dilute its stake through a strategic sale. In the broader markets, the smallcap and the midcap indices slipped 0.7-0.8%, underperforming the Sensex which was down nearly 0.2%.

Source : Equity Bulls

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