INSUBCONTINENT EXCLUSIVE:
Share markets on Monday: Seventeen out of 30 Sensex stocks closed the session in the red.Domestic stock markets ended Monday's session on a
negative note amid weakness in the rupee and unabated foreign fund outflows
Bombay Stock Exchange (BSE) benchmark index Sensex closed 60.73 points or 0.17 per cent lower at 34,950.92
The Nifty50 index of the National Stock Exchange (NSE) shed 24.80 points or 0.24 per cent to settle at 10,528.20
Selling pressure was witnessed in media, pharma, FMCG and auto stocks
Top laggards on the 50-scrip index Nifty were Cipla (-7.35 per cent), Indian Oil (-5.16 per cent), Indiabulls Housing Finance (-4.35 per
cent), Induslnd Bank (-3.73 per cent) and BPCL (-3.49 per cent).Seventeen out of 30 Sensex stocks closed in the red
Prominent losers in the 30-share Sensex pack were Induslnd Bank (-3.27 per cent), NTPC (- 2.72 per cent), Power Grid (-2.18 per cent), ONGC
(-1.59 per cent), HeroMotoCorp (-1.54 per cent) and HDFC (-1.46 per cent)
HDFC, ICICI Bank and Induslnd Bank contributed most to the losses."Rupee weakened on account of crunch in domestic liquidity while gradual
decline in yield may ease the concern
Investors' were bit conservative in the holiday shortened week due to uncertainty regarding US china trade deal and Fed policy," analysts
second-quarter profit fell 12.2 per cent, missing estimates by a wide margin, as forex expenses and raw material costs weighed
emerged as the top gainer on BSE by closing 3.45 per cent higher after the country's largest lender on Monday reported a net profit of Rs
944.87 crore for the July-September period
institutional investors (DIIs) bought shares to the tune of Rs 852.99 crore.(With inputs from agencies)
