Sensex ends down 2.14% on Monday - LuvKush Finserve

The Sensex ended down 2.14% on Monday, recording its biggest percentage fall in 14 months, as investors booked profit after sharp gains last week with ITC among the index heavyweights leading the decline. Last week, the Sensex and Nifty topped key levels of 20,000 and 6,000, respectively, on the back of robust FII inflows, rally in the global markets, strong corporate earnings and better-than-expected IIP numbers. The Sensex ended at 19,692 down 431 points and the Nifty ended at 5,980 down by 127 points.

After four months, the consumer-price inflation came back to single digit at 9.39% in April against 10.39% in the previous month. Meanwhile, country's merchandise exports grew by 1.6% to $24.16 billion in April this year, whereas imports increased by 10.9%.

India's April trade deficit leapt to $17.8 billion, a trade ministry official said, on a massive surge in imports of cheaper gold that will increase concerns about the current account deficit in Asia's third largest economy.

BSE FMCG, Metal and Capital Goods indices slumped by 3% each. Sectors like Auto, Oil & Gas, PSU, Realty, Banks, Power, IT, Consumer Durable and Healthcare slipped between 1-2%. BSE Midcap index plunged by 1.45% whereas BSE Smallcap index ended down 1.17%.

Source : Equity Bulls

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