Extending its losses for the fifth straight session, equity benchmark Sensex plummeted 1,145 points on Monday, tracking heavy losses in index majors Reliance Industries, HDFC and TCS amid negative cue
In the previous session, Sensex ended 434.93 points or 0.85 per cent lower at 50,889.76, and Nifty gave up the 15,000 level, dropping 137.20 points or 0.91 per cent to 14,981.75. Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 118.75 crore on Friday, as per exchange data.
The market breadth, indicating the overall health of the market was negative on the BSE, with 1,038 shares rising, 1,985 shares falling and a total of 156 unchanged shares
Indices have been consolidating for a while, however, all dips are being bought eventually. Foreign institutional investors have continued to pour money in India, providing massive support to market rally.