NEW DELHI: Benchmark indices remained under pressure throughout the day and finally closed lower on Monday. Metals and pharma were in demand but banks and auto dragged the market. However, the broader market remained upbeat.
Volatility indicator jumped, signalling the creeping nervousness among traders. But comparatively, it still remains at lower levels. Weak global markets dampened the mood on the Street.
The 30-share pack Sensex declined 123.53 points or 0.23 per cent to close at 52,852.27. The index traded in a range of 320 points. Its broader peer NSE Nifty fell 31.60 points or 0.20 per cent to 15,824.45.
“Chinese education, property, and tech sectors fell sharply after tighter government regulations. Globally, markets are waiting for the upcoming Fed meeting this week to get clarity regarding the timing of asset purchase tapering,” said Vinod Nair, Head of Research at Geojit Financial Services.
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