Sensex falls over 100 points, Nifty down | Top stocks in focus
India Today
BSE Sensex fell 0.28 per cent or 146.04 points to 52,761.89, the NSE Nifty 50 index was down 0.42 per cent or 66.55 points at 15,685.50.
Share markets began the week on a tepid note on Monday, dragged by metal stocks due to demand worries and weaker sentiment in global markets.
The S&P BSE Sensex fell 0.28 per cent or 146.04 points to 52,761.89, the NSE Nifty 50 index was down 0.42 per cent or 66.55 points at 15,685.50. The indexes rose about 0.3 per cent each last week.
The Nifty metals index fell 1.2 per cent as iron ore and steel prices tumbled on fears of a slump in demand for commodities.
The government's move to introduce export duties for gasoil, gasoline and jet fuel to help maintain domestic supplies, and impose a windfall tax on oil producers on Friday also had an overhang on Indian markets.
Meanwhile, Asian share markets started cautiously on Monday as a run of soft US data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.
Markets in the United States are closed for a holiday on Monday.
Among individual shares, supermarket chain operator Avenue Supermarts rose 4.2 per cent after the company reported strong sales for the first quarter on Saturday.
