Sensex, Nifty Give Up Early Gains
(RTTNews) - Indian shares gave up early gains to end marginally lower on Monday as caution set in ahead of RBI's upcoming MPC meet.
Continued foreign fund selling, escalating tensions in Europe and the Middle East, fears of a potential U.S. government shutdown and trade-related uncertainties also kept investors on edge as Moody's affirmed India's sovereign credit rating at 'Baa3' and maintained a stable outlook.
The benchmark S&P/BSE Sensex hit a high of 80,851 in early trade before reversing course to end the session down 61.52 points, or 0.08 percent, at 80,364.94, extending losses for the seventh consecutive session.
The broader NSE Nifty index closed down 19.80 points, or 0.08 percent, at 24,634.90 while the BSE mid-cap index rose 0.3 percent and the small-cap index slid 0.2 percent.
The market breadth was weak on the BSE, with 2,270 shares falling while 1,924 shares rose and 183 shares closed unchanged.
Bharti Airtel, ICICI Bank, Larsen & Toubro, Axis Bank and Maruti Suzuki India dropped 1-2 percent while NTPC, SBI and Titan Company all rose around 2 percent, helping limit losses in the broader market.
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