Due to persistent foreign capital outflows and muted signals from international equity markets, both benchmarks fell in early trading this morning.
M&M, Tata Steel, Bajaj Finserv, Axis Bank, and Adani Ports were among the winners on the 30-share Sensex. Eternal, Infosys, Asian Paints, UltraTech Cement, and Bajaj Finance were among the laggards.
All of the indices in the larger markets saw red trading. The Nifty Midcap Select index saw a 0.37 percent decline. The Midsmall IT & Telecom and Realty indices, which down 0.92 percent and 0.84 percent, respectively, led the sectoral losses. However, following increases of 2.03% and 1.69%, respectively, the Metal and PSU Bank indexes dominated in green.
Due to persistent outflows of foreign funds and muted signals from international equity markets, both benchmarks fell in early trading this morning as investors continued to exercise caution in the face of low year-end volumes.
Trading at Year's End and FII Outflows Maintain Range-Bound Indices
Due to year-end holidays and a lack of new triggers, investors sat mostly on the sidelines, which kept market mood muted. Even while domestic institutional participation provided little support, sentiment was nonetheless negatively impacted by foreign investors' persistent selling.
Over the last five trading sessions, the Sensex has now down 892.40 points, or 1.04 percent.
Global Cues: Europe is firmer, Asia is weaker
Asian markets had a mixed finish. Shanghai's SSE Composite, Japan's Nikkei 225, South Korea's Kospi, and Hong Kong's Hang Seng all closed lower. On Monday, US stocks closed the day lower, while European markets were trading slightly higher.
According to exchange statistics, Foreign Institutional Investors (FIIs) sold stocks valued at Rs 2,759.89 crore on Monday. However, by purchasing shares valued at Rs 2,643.85 crore, Domestic Institutional Investors (DIIs) partially countered the selling.
The global oil benchmark, Brent crude, increased 0.47 percent to $62.23 a barrel in the commodities market.
The Nifty dropped 100.20 points, or 0.38 percent, to conclude at 25,942.10 on Monday, while the Sensex dropped 345.91 points, or 0.41 percent, to close at 84,695.54.
The global oil benchmark, Brent crude, increased 0.47 percent to $62.23 a barrel in the commodities market.
The Nifty dropped 100.20 points, or 0.38 percent, to conclude at 25,942.10 on Monday, while the Sensex dropped 345.91 points, or 0.41 percent, to close at 84,695.54.

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