Stock Market: On account of cautious sentiments and short intraday trade range, the Indian indices ended in the red zone breaking its five straight trade session rally. The BSE Sensex shed 39 points and closed at 37,890 mark while the NSE Nifty went down 29 points and closed at 11,132 levels. Bank Nifty soared 100 points and closed at 22,882 mark. IT, auto, tech, realty and consumer durable stocks witnessed heavy profit booking in the intraday trade session.

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Speaking on the current market scenario Prakash Pandey, MD & CEO at Plutus Advisors said, "Overall the Indian market is bullish. Currently, Nifty is trading in the ragne of 10,850 to 11,250 but we can witness heavy resistance at 11,250 levels. So, any dip should be seen as a buying opportunity." 

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IT stocks witnessed maximum beating in the intraday trade session as the BSE IT index shed to the tune of near 1.4 per cent. IT major Mastek share price tanked 5.88 per cent, Datamatics Global Services shares dipped 4.78 per cent, Infosys stocks crashed around 1.92 per cent, Persistent Systems counter went down 2.91 per cent, Sonata Software went southward 1.24 per cent.

Auto stocks also had a tough time today as the BSE Auto index went off 1.29 per cent. Auto major Hero MotoCorp share price crashed 3.47 per cent, Tata Motors shares went southward 3.09 per cent, shares of Maruti Suzuki India dipped near 2 per cent, Ashok Leyland stock price nosedived around 1.5 per cent while Motherson Sumi Systems scrip went down 1.54 per cent.

Among the major Asian markets, the Japanese Nikkei 225 index shed 0.58 per cent, South Korean Kospi went off 0.01 per cent, Hong Kong's Hang Seng crashed 2.25 per cent while the Shanghai market went up 0.37 per cent.

At Wall Street on Monday, Dow Jones added 0.60 per cent, Nasdaq ent down 0.81 per cent, S&P 500 added 0.17 per cent but SmallCap 2000 soared 1.33 per cent.