Finally, BSE Sensex closed at 21143 down 51 points, while NSE Nifty closed at 6291 down 23 points over the previous close.
The Indian equity market ended with marginal losses on Monday as the Nifty index struggled to sustain above the 6300 mark. Sentiment was hit after the Reserve Bank of India (RBI) in its Financial Stability Report flagged concerns over continuing high inflation amid growth slowdown.
The Banking stocks were under pressure throughout the day after RBI said “The risks to the banking sector have further increased during the past half-year. All major risk dimensions captured in the Banking Stability Indicator show increase in vulnerabilities in the banking sector,”
The RBI also warned that any political instability after May 2014, post-results, will drag the beleaguered economy further down, and that a stable new government would be desirable.
The realty, banking, IT and select capital goods stocks were among the top losers. Even the mid-cap stocks were under pressure. However, the small-cap stocks again managed to outperform the benchmark indices as the BSE Small-Cap index ended with gained of 0.2%.
On the other hand, the metals, oil and gas and select FMCG stocks ended with marginal gains.
On the currency front, the Indian rupee weakened against the US Dollar on Monday, the rupee was trading around the 62.37 per Dollar versus its close of 61.85/86 on Friday.
The Indian equity market ended with marginal losses on Monday as the Nifty index struggled to sustain above the 6300 mark. Sentiment was hit after the Reserve Bank of India (RBI) in its Financial Stability Report flagged concerns over continuing high inflation amid growth slowdown.
The Banking stocks were under pressure throughout the day after RBI said “The risks to the banking sector have further increased during the past half-year. All major risk dimensions captured in the Banking Stability Indicator show increase in vulnerabilities in the banking sector,”
The RBI also warned that any political instability after May 2014, post-results, will drag the beleaguered economy further down, and that a stable new government would be desirable.
The realty, banking, IT and select capital goods stocks were among the top losers. Even the mid-cap stocks were under pressure. However, the small-cap stocks again managed to outperform the benchmark indices as the BSE Small-Cap index ended with gained of 0.2%.
On the other hand, the metals, oil and gas and select FMCG stocks ended with marginal gains.
On the currency front, the Indian rupee weakened against the US Dollar on Monday, the rupee was trading around the 62.37 per Dollar versus its close of 61.85/86 on Friday.
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