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Indian
shares ended with sharp losses on Monday, tracking a sell-off in global markets
over slowdown concerns and a day ahead of the results of assembly elections in
five states of Rajasthan, Chhattisgarh, Madhya Pradesh, Telangana and Mizoram.
The Sensex dipped more than 700 points, to end at 34,960 while the
Nifty declined by 205 points to 10,490. Only 6 Nifty shares ended higher with
large cap private bank stocks dragging indexes. Sensex heatmap at
close: Kotak Bank falls 6.5%, RIL down 4%. The
rupee traded on a weak note slipping
to 71.44 against the US dollar in intra-day trade on Monday, down from its
previous close of 70.82. Domestic equities suffered deep cuts
on Monday following the trend in global markets where investors took money off
the table amid worries of a slowdown in economy and concerns that the tension
between the US and China may derail the prospects of a trade deal.
Stars of the day are :MARUTI SUZUKI,IOC,COAL INDIA,HPCL,BPCL
TATA MOTORS,SUNPHARMA, RELIANCE was
the biggest losser.
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