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| Edited By: |Source: PTI |Updated: Mar 30, 2018, 04:19 AM IST
Snapping 3-day gaining streak, the Bombay Stock Exchange (BSE) Sensex fell over 41 points on Monday to 16,805.33 in volatile trading as investors booked profits, after strong gains made last week, despite a positive trend in global markets.
Metals, consumer durables, FMCG, realty and pharma stocks fell, while power and capital goods counters attracted buyeres that restricted the fall.
ITC, ICICI Bank, HDFC, HDFC Bank, RIL and Tata Steel fell on profit booking, while while NTPC, Jaiprakash Associates, BHEL, SBI and Hindalco made gains.
Brokers attributed profit-selling mood partly to market holiday tomorrow on account of Moharum.
The BSE 30-share barometer fell to a low of 16,691.21 intra-day amid mixed trend in the Asian markets. But, strong openings in Europe helped the Sensex rebound. It closed the day at 16,805.33, down 41.50 points or 0.25 per cent. In the last three-sessions, it had gained 838.49 points or 5.24%.
The NSE wide-based Nifty also fell back by 11.00 points or 0.22% to 5,039.15.
FIIs, main market movers, continue to be net buyers and had picked up shares worth Rs596.89 crore on Friday, as per the provisional data.
"Markets behaved in line with the global peers. After extremely good performance last week, the Sensex today opened with a downward gap on global cues. Amid high volatility, Sensex remained under pressure throughout the session, witnessing profit-booking across major sectors," said Shanu Goel, senior research analyst, Bonanza Portfolio said.
Key indices in China, Singapore and Taiwan ended in the red, while those in Hong Kong, Japan and South Korea settled in the green. European stocks were trading firm in afternoon deals on hopes that EU summit this week may help resolve the euro zone's debt crisis.
Back home, 17 of the 30 Sensex based scrips closed with losses, while others concluded with gains.
Major losers were Tata Steel (1.73 per cent), Sun Pharma (1.53%), Sterlite (1.46%), Hero Motoco (0.99%), ITC (0.99%), Jindal Steel (0.92%), HDFC (0.81%), HDFC Bank (0.75%) and Bajaj Auto (0.61%).
However, NTPC shot up 2.50%, Jaiprakash (2.45%), BHEL (1.96%), SBI (1.17%), Hindalco (0.70%), Maruti Suzuki (0.50%) and Infosys (0.42%).
Reflecting some buying in the second-line stocks by retail investors, the total market breadth on the BSE was slightly positive as 1,353 stocks closed in the green, while 1,337 were in the red.
The total turnover was relatively lower at 1,823.04 crore as against the Friday's level of Rs2,271.35 crore.
