NEW DELHI: Domestic equity indices on Monday extended losses for a third straight session on fall in bank, financials, IT and metal stocks amid weak global cues.Chinese export data aggravated fears of a slowdown in global economic growth and most Asian and European markets suffered losses.Back home, uninspiring December quarter earnings failed to lift market mood and investors chose to remain on sidelines ahead of earnings of heavyweights, including RIL, HUL and HDFC Bank slated for release this week.Sensex settled with a loss of 156 points, or 0.43 per cent, at 35,853.56, with 24 stocks in red and seven in green.The NSE Nifty closed 57 points, or 0.53 per cent, down at 10,737.60, with 12 stocks advancing and 38 declining.In sync with benchmark Sensex, BSE Midcap and Smallcap indices suffered losses of 0.49 per cent and 0.44 per cent, respectively.
We walk you through highlights of Monday's session:Who dragged my SensexLT (43.43 points), ICICI Bank (32.53 points), HDFC (31.04 points), TCS (28.50 points) and IndusInd Bank (15.52 points) remained top five drags on index.Larsen Toubro, with a loss of 2.64 per cent, emerged as top loser in Sensex pack.
IndusInd Bank (down 2.07 per cent), Vedanta (down 1.78 per cent), NTPC (down 1.56 per cent) and TCS (down 1.50 per cent) followed suit.D-Mart cracks on tepid Q3 numbersShares of Avenue Supermarts plummeted 11.04 per cent to close at Rs 1,395.75.
The stock fell as company on Saturday reported a modest 2.1 per cent YoY rise in profit growth, mainly due to a drop in gross margin on account of price cuts, while slow store additions added to investors concern.
Jet up 16% as chairman Goyal may step downReports that founder and chairman Naresh Goyal was likely to step down from board of Jet Airways gave a boost, with stock closing 16.13 per cent higher at Rs 294.40 on BSE.
A media report quoting sources, suggested that Jet was likely to finalise a resolution plan with its lenders this week.
As per report, Goyal would trim his stake to 20-25 per cent from 51 per cent and would agree to capp his voting rights to 10 per cent.
Infosys investors cheer Q3 numbersThe IT stock climbed 2.52 per cent to Rs 700.90 as many foreign brokerages maintained a buy post optimistic management commentary.
JPMorgan maintained overweight on stock with a target price of Rs 750.
Infosys revenue momentum is clearly improving, said Credit Suisse.
CLSA said Infosys reported a stellar revenue growth with a small miss on margin front.YES Bank rallies on new CEO buzzShares of YES Bank closed 6.22 per cent up at Rs 195.40 as Ravneet Gill, CEO, Deutsche Bank, India, has joined race to succeed Rana Kapoor as private lenders next chief executive.
The scrip was also up as bank appointed Brahm Dutt as its non-executive chairman.
Dutt has contributed to almost all sub-committees of board over past 5 years.
Tata Motors climbs 1% on block dealShares of Tata Motors closed with a gain of 1.11 per cent at Rs 182.30 in an otherwise weak market after reports of block deal on counter.
Bloomberg reported that 20 lakh shares of automaker changed hands in a block deal during session.JK Bank advances after good Q3 showShares of Jammu Kashmir Bank closed 3.03 per cent up at Rs 37.40, buoyed by bank's healthy December quarter numbers.
The bank on Saturday reported a 43 per cent increase in profit at Rs 103.75 crore for third quarter against a profit of Rs 72.47 crore last year.
Capital Goods top sectoral loserWith a loss of 1.93 per cent, BSE Capital Goods index emerged as top loser among sectoral indices.
Out of total 26 stocks in pack, 23 suffered losses today and only three - AIA Engineering (up 0.31 per cent), Carborundum Universal (up 0.24 per cent) and Havells India (up 0.07 per cent) - managed to shut shop in green.
LT, ABB India, BHEL, Graphite India and HEG proved top drag on index in that order.116 counters ready to fall furtherMomentum indicator moving average convergence divergence, or MACD, showed bearish crossovers on 116 counters on BSE.
Among them were Vodafone Idea, Bank of Baroda, Nalco, SREI Infrastructure, ILFS Transportation, JSW Energy and Jain Irrigation.
On other hand, Jet Airways, Jammu Kashmir Bank, Bharat Forge, Hikal, Man Industries and Khaitan (India) were among 45 stocks that showed bullish crossovers on BSE.
Tech Mahindra, PowerGrid below 200-DMAsTech Mahindra, Pfizer, Max Financial, Avadh Sugar, Exide Industries, PowerGrid and Avenue Supermarts featured among stocks that witnessed negative breakouts and traded below their 200-DMAs today.
On other hand, Dhanlaxmi Bank, Zydus Wellness, JK Paper, Gujarat Heavy Chemicals, Alembic and Supreme Industries were among stocks that traded above their 200-DMAs.