The Economic Times daily newspaper is available online now.

    Monday rally fizzles: Profit-booking, energy stocks push Sensex over 600 points off peak

    Synopsis

    Sensex, Nifty closed marginally lower. Uncertainty over the results of the ongoing general elections put volatility at a high with VIX surging almost 90% in the last one month, including climbing 6.8% on the day. The broader NSE Nifty dropped 25 points or 0.11% to end at 22,932.

    Sensex flats marginally loweriStock
    After hitting record highs, Indian benchmark equity indices closed marginally lower on Monday, dragged down by energy and auto stocks, and on profit booking after indices hit record highs earlier in the day.

    Volatility remained high amid uncertainty over the results of the ongoing general elections.

    The 30-share BSE benchmark Sensex declined 20 points or 0.03% to settle at 75,390. The broader NSE Nifty dropped 25 points or 0.11% to end at 22,932.

    Wipro, NTPC, Sun Pharma, M&M, ITC, and Reliance Industries were the top Sensex laggards, falling up to 2.3%. On the other hand, IndusInd Bank, Axis Bank, Bajaj Finance, and HDFC Bank ended higher.

    The volatility index has surged almost 90% in the last one month, including climbing 6.8% on the day.

    More to come....



    (You can now subscribe to our ETMarkets WhatsApp channel)
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more

    (You can now subscribe to our ETMarkets WhatsApp channel)
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in