The Indian equity benchmarks edged lower on Monday as gains in statistics technology and steel shares had been offset with the help of losses in bank and customer items stocks. Asian markets traded cautiously on Monday as combating in Ukraine raged on and not using a signal of preventing, leaving traders clutching at hopes for an eventual peace deal. Each domestic and worldwide inventory market had rallied last week in anticipation of an eventual peace deal on Ukraine, however, it can take actual progress to justify in addition gains.
Back domestic, the 30-proportion BSE Sensex fell 72 points or 0.12 consistent with cent to 57,792, while the broader NSE Nifty moved 17 factors or zero.10 in step with cent down to 17,271 in early exchange.
Mid- and small-cap stocks have been buying and selling a tad better as Nifty Midcap 100 index edged 0.17 in keeping with cent better and small-cap stocks rose 0.30 in step with cent.
9 out of the 15 sector gauges — compiled by the countrywide inventory trade were trading inside the pink. Nifty financial institution and Nifty FMCG had been underperforming the index through falling as lots as 0.65 according to cent and 0.66 in keeping with cent, respectively. However, Nifty IT and Nifty steel surged 1.24 consistent with cent and 1.67 in line with cent, respectively.
At the inventory-precise front, Asian Paints was the highpoint Nifty loser because the inventory cracked 1.56 consistent with cent to ₹ 3,087.55. PowerGrid, Grasim Industries, Kotak Mahindra bank, and Shree Cement were additionally a few of the laggards.
On the 30-proportion Asian Paints, PowerGrid, Kotak financial institution, Hindustan Unilever, M&M, and SBI were among the pinnacle losers.
Sensex had rallied 1,047 points or 1.84 consistent with cent to shut at 57,864 on Thursday, even as the broader NSE Nifty had moved 312 factors or 1.84 consistent with cent higher to settle at 17,287. Domestic catalogs were closed on Friday because of “Holi”.