By Reuters Staff
2 Min Read
A broker monitors share prices while trading at a brokerage firm in Mumbai May 13, 2014. REUTERS/Danish Siddiqui/Files
BENGALURU (Reuters) - Indian shares ended a volatile session lower on Monday, as investors booked profits ahead of a market holiday and shares of Reliance Industries weighed on the main indexes after the conglomerate reported a decline in quarterly revenue at its oil-to-chemicals division.
The blue-chip NSE Nifty 50 index fell 0.93% to 14,238.9 and the benchmark S&P BSE Sensex closed 1.09% weaker at 48,347.59.
“When you have such a bull market there are days when you see such profit booking. people want to lighten their position before tomorrow’s holiday and the budget,” said Saurabh Jain, assistant vice president of research at SMC Global Securities in New Delhi.