International oil benchmark Brent crude rose 0.11 per cent to $75.23 a barrel.
Highlight
- The Sensex lost 503 points on Monday.
- The NSE Nifty fell 143.05 points or 0.82 per cent to 17,368.25.
- Bajaj Finance was the top gainer in the Sensex pack.
Equity benchmark Sensex tumbled 503 points on Monday, led by losses in major indices Reliance Industries, HDFC and Bajaj Finance amid a mixed trend in global markets. The 30-share index ended 503.25 points or 0.86 per cent lower at 58,283.42. Similarly, the NSE Nifty fell 143.05 points or 0.82 per cent to end at 17,368.25.
Bajaj Finance was the top laggard in the Sensex pack, falling nearly 3 per cent, followed by Bajaj Finserv, Reliance Industries, M&M, Nestle India and SBI. On the other hand, Axis Bank, Tech Mahindra, PowerGrid and Maruti were among the gainers.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the sharp rise in Omicron cases in the UK is a matter of concern for global markets.
He said meetings of the US Fed, ECB, Bank of England and Bank of Japan this week will give hints on interest rates, bond yields and the medium-term trajectory of the markets.
He added that continuous selling by FPIs in India (Rs 33,799 crore in November and Rs 17,644 crore as on December 10) has been a major headwind for the market, especially for banking stocks.
Elsewhere in Asia, shares in Seoul and Hong Kong ended higher, while Shanghai and Tokyo were in the red. Stock exchanges in Europe were trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 0.11 per cent to $75.23 per barrel.
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