(RTTNews) – Indian stocks gave up early gains to end lower on Monday as investors awaited the release of minutes from the FOMC meeting this week for clarity on the outlook for US rates.
Markets opened on a positive note, but failed to sustain those gains despite mostly positive signals from other Asian and European markets.
The benchmark S&P/BSE Sensex ended down 311.03 points, or 0.51%, at 60,691.54 while the broader NSE Nifty index settled at 99.60 points, or 0.56%, to 17,844.60.
Adani Group shares closed mostly lower, with Adani Enterprises down 6.4%.
Cipla fell 6.1% after the US health regulator issued 8 observations for its manufacturing plant in Pithampur.
UPL, Britannia and BPCL all fell around 2% while Divis Laboratories topped the list of winners to close up 2.6%, followed by UltraTech, Tech Mahindra, Power Grid Corp and Hindalco.
Small-cap IT services firm Sonata Software jumped nearly 11% to hit a 52-week high before ending up 7.4% at Rs. 730 on the NSE.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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