Indian equities closed on a weak note on Monday, ending at 19,672, down 73 points, due to setbacks faced in the IT and FMCG sectors, high input costs, weak demand and mixed banks. Analysts predict an immediate downside support for the Nifty at 19,500-19,400. Political gridlock in Spain
Indian equity indices closed near record highs on June 16, helped along by a possible rate pause by the US Federal Reserve, favourable WPI inflation data and upbeat global investments. While metal pack led gains, sectors including private banking and financial services saw selling pressure.