Indian stock indices declined on Monday due to selling pressure in IT, consumer durables and financial stocks as investors turned cautious ahead of the release of inflation data. Persistent foreign fund outflows and weakness in the rupee also hit investor sentiments.
The 30-share BSE Sensex fell 325.58 points, or 0.50%, to settle at 64,933.87. During the day, it dropped 406.09 points, or 0.62%, to 64,853.36.
The Nifty declined 82 points, or 0.42%, to 19,443.55. In the broader market, the BSE midcap gauge climbed 0.10%, while the smallcap index dipped 0.01%.
Among the BSE indices, IT declined by 0.77%, consumer durables fell by 0.75%, tech (0.66%), FMCG (0.39%), services (0.20%) and financial services (0.17%). On the other hand, energy, utilities, power and auto were the gainers.
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