Sensex falls 379 points on profit taking in bank &IT stocks, foreign fund outflows
Kotak Mahindra Bank, UltraTech Cement, M&M, L&T, ICICI Bank were laggards
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Kotak Mahindra Bank, UltraTech Cement, M&M, L&T, ICICI Bank were laggards
Stock market today: Sensex closed 379 points, or 0.53 per cent, lower at 71,892.48 while the Nifty 50 settled at 21,665.80, down 76 points, or 0.35 per cent.
Benchmarks for Japanese equities traded flat at the open while other markets including Hong Kong, New Zealand and Australia were shut. The S&P 500 notched an eight-week winning streak on Friday — the longest in more than five years on signs price pressures in the US were easing. Contracts for US stocks and Treasuries were also little changed in Asia trading.
Oil prices rise, leading to a rally in energy shares
Nestle, NTPC, Reliance Industries, State Bank of India, ITC were major gainers