Equity markets close lower on Monday
Indian equity markets closed on a weaker note on Monday, with the Nifty slipping below 25,850. The Sensex plunged 1,272.07 points, or 1.49%, to settle at 84,299.78, while the Nifty declined 368.20 points, or 1.41%, finishing at 25,810.80.
In terms of market breadth, 1,757 shares advanced, 2,107 shares fell, and 148 shares remained unchanged.
The Metal and Media sectors were the only gainers, each rising by 1%, while all other sectoral indices closed lower. Auto, banking, IT, telecom, pharma, and real estate sectors recorded declines of 1-2%.
The BSE Midcap index registered minor losses, and the Smallcap index remained flat.
Among the top losers on the Nifty were Hero MotoCorp, Trent, Axis Bank, Reliance Industries, and Bharat Electronics. On the other hand, JSW Steel, Hindalco Industries, NTPC, Tata Steel, and Britannia Industries emerged as the top gainers.
