-Indian shares were flattish on Monday due to losses in banking and financial stocks.
-Investors were cautious after the central bank’s tighter rules for personal loans on lenders came out last week.
Gainers and losers
Bharti Airtel, HCL Tech, WIPRO, TCS, and Maruti were the top gainers.
Bajaj Finance, M&M, Tata Motors, Hindustan Lever were the top losers among the Sensex pack.
The top losers were Nifty Auto, Nifty FMCG, and Nifty Metal which fell between 0.76% and 0.38%. The top performer was Nifty IT which maintained its previous week’s winning run and closed with gains of 0.60%. Nifty Pharma, Nifty PSU Bank, and Nifty Healthcare Index closed with small gains amid action in selective stocks.
Asian markets also traded mixed today. While Japan’s Nikkei 225 was down 0.59%, China’s Shanghai Composite settled 0.46% higher.
The Indian rupee ended weaker on Monday, matching its record closing low as sustained dollar demand from state-run and foreign banks maintained pressure on it. The rupee ended at 83.34 against the U.S. dollar.