Mumbai, India (BBN)-The Sensex and Nifty ended marginally down as investors await quarterly results from companies such as Tata Consultancy Services amid worries the government’s move to ban high-value notes have hit profits in the latest quarter.
Investors are also awaiting the annual budget due on February 1, while the country gears up for a slew of state elections, notably in Uttar Pradesh, reports The Hindu Business Line.
The 30-share BSE index Sensex ended down by 32.68 points or 0.12 per cent at 26,726.55 and the 50-share NSE index closed lower by 7.75 points or 0.09 per cent at 8,236.05.
Among BSE sectoral indices, realty index gained the most by 0.62 per cent, followed by IT 0.59 per cent, FMCG 0.58 per cent and TECk 0.45 per cent.
On the other hand, oil & gas index was down 0.93 per cent, healthcare 0.81 per cent, power 0.51 per cent and infrastructure 0.48 per cent.
Top five Sensex gainers were ITC (+1.3 per cent), TCS (+0.88 per cent), Maruti (+0.62 per cent), Wipro (+0.59 per cent) and Tata Steel (+0.56 per cent), while the major losers were Dr Reddy’s (-3.00 per cent), ONGC (-2.17 per cent), Asian Paints (-1.88 per cent), Coal India (-1.86 per cent) and Lupin (-1.4 per cent).
The dollar edged higher on Monday, boosted by robust US wage growth data strengthening the case for more Federal Reserve interest rate increases, while Britain’s pound fell on Prime Minister Theresa May’s hint at no membership of the EU’s single market.
Britain’s blue-chip FTSE 100 index nonetheless hit a record high as the first full trading week of 2017 on London markets began.
The pan-European STOXX 600 index dropped 0.4 per cent in early deals.
Asian stocks cut early gains as investor caution grew before a news conference by President-elect Donald Trump on Wednesday, where his views on global trade and China will be carefully scrutinised for future policy implications.
MSCI’s ex-Japan Asia-Pacific shares index was flat on the day, having risen as much as 0.5 per cent after posting a rare loss in the previous session. Australia’s S&P/ASX200 rose 0.9 per cent, while Hong Kong shares rose 0.2 per cent.
Trading was light because Japan is shut for a holiday.