Market Closing: Sensex Falls For 3rd Day, Falls 116 pts; Nifty Below 19,750; PSB, Metal Stocks Rally

Sensex Today: Investors chose to stay on the sidelines on Monday, oscillating between gains and losses, amid geopolitical tensions in Israel. The S&P BSE Sensex ended at 66,167 levels, down 116 points, while the Nifty50 settled at 19,732, down 19 points.

JSW Steel, Tata Steel, Axis Bank, HCL Tech, Power Grid, M&M, Power Grid, Titan, and NTPC were the top Sensex gainers, up between 0.5 per cent and 1.7 per cent.

On the downside, Nestle India, Asian Paints, IndusInd Bank, TCS, Sun Pharma, Tech M, Bharti Airtel, Tech M, Kotak Bank, HUL, and HDFC Bank were the top losers, down up to 2 per cent.

The broader markets, however, outperformed the benchmarks as the BSE MidCap and SmallCap indices gained 0.25 per cent and 0.34 per cent, respectively.

Among sectors, the Nifty Metal index gained 0.9 per cent, followed by the Nifty PSU Bank index (up 0.7 per cent). On the downside, the Nifty Pharma index fel 0.46 per cent.

Global Cues

Tokyo stocks opened lower on Monday after falls in US tech shares. The benchmark Nikkei 225 index was down 1.05 percent, or 340.27 points, at 31,975.72 in early trade, while the broader Topix index slipped 0.82 percent, or 19.01 points, to 2,289.74.

The S&P 500 and the Nasdaq closed lower on Friday as deteriorating consumer sentiment data and the Middle East conflict soured investors on riskier bets and overshadowed upbeat quarterly earnings from some of the largest U.S. banks.