MUMBAI: Indian stock markets closed lower on Monday, ending their recent winning run as investors booked profits amid worries over a weak monsoon, weaker June-quarter earnings and uncertainty over the reported US-Iran ceasefire, according to media reports.
The BSE Sensex fell 372.10 points, or 0.48%, to close at 76,728.37. The NSE Nifty50 lost 109.75 points, or 0.46%, to end at 23,946.25.
Markets had risen for several weeks, but investors chose to book profits after recent gains. Reports said caution remained despite lower crude oil prices and easing tensions in West Asia.
Most sectors ended lower. The Nifty Auto index dropped 2.08%, while the Nifty IT index fell 1.07%. Pharma and healthcare stocks performed better, with the Nifty Pharma index rising 1.03% and the Nifty Healthcare index gaining 0.94% as investors moved towards safer sectors.
The broader market also ended lower. The Nifty Smallcap 100 fell 0.62%, while the Nifty Midcap 100 declined 0.37%.
According to media reports, investors are now waiting for key US economic data, which could affect expectations for interest rates and influence global market sentiment.
Disclaimer: This content is based on media reports and market data available at the time of reporting and is for informational purposes only. Investors are advised to consult a qualified financial expert before making any investment decisions. VisionMP is not responsible for any loss arising from the use of this information.
