Sensex falls for a second day as IT stocks lead losses
India’s BSE Sensex closed about 0.4% lower at 77,728 on Monday, extending the prior session’s losses amid rising crude oil prices and persistent Middle East geopolitical tensions.
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10:30:13 AM UTC
SquawkNews
The SENSEX Index fell 281 points or 0.36 percent on Monday to close at 77728 points. Leading the losses are Infosys (-2.83%), Sun Pharmaceuticals (-2.54%) and HCL Tech (-2.32%). Top gainers were Axis Bank (1.36%), Tata Steel (1.36%) and Kotak Mahindra Bank (1.11%).
India’s BSE Sensex closed about 0.4% down at 77,728 on Monday, extending previous session's losses, amid rising crude oil prices and persistent geopolitical tensions in the Middle East.
Information technology stocks led the losses, with Infosys (-2.7%), HCL Technologies (-2.5%), Tata Consultancy Services (-1.9%) and Tech Mahindra (-1.8%) among the biggest laggards.
Also, FMGC stocks weighed, with Hindustan Unilever falling more than 1%.
Metals and private banks provided some support.
Tata Steel advanced 1.5%, Axis Bank rose 1% and HDFC Bank added 0.4%.