Home >Markets >Stock Markets >Market snaps 4-day record-setting spree, ends marginally lower
Among sectoral indices, BSE Energy index was the biggest loser with 1.33% followed by BSE Realty index down 0.62% and BSE FMCG index fell 0.47% (PTI)
Among sectoral indices, BSE Energy index was the biggest loser with 1.33% followed by BSE Realty index down 0.62% and BSE FMCG index fell 0.47% (PTI)

Market snaps 4-day record-setting spree, ends marginally lower

  • BSE Sensex fell 38.88 points or 0.09% to close at 41,642.66 and the Nifty 50 fell 9.05 points or 0.07% to close at 12,262.75 points
  • Equity investors have until now largely shrugged off protests against a law that makes religion a criterion for citizenship

India's benchmark indices fell for the first time in five days on Monday as investors weigh the potential impact of continued nationwide protests, after a week in which the benchmark index closed at a record high four times.

BSE Sensex fell 38.88 points or 0.09% to close at 41,642.66 and the Nifty 50 fell 9.05 points or 0.07% to close at 12,262.75 points.

Equity investors have until now largely shrugged off protests against a law that makes religion a criterion for citizenship. But as protests wear on and the death toll climbs, worries are building over the impact they may have at a time when the economy is slowing.

“If political disturbances continue, it would be a downside worry as the protests could start to affect aggregate demand" said Chokkalingam G, head of Equinomics Research & Advisory Pvt.

Asian markets were trading mixed. Japan's Nikkei225 index gained 0.02%, Hong Kong's Hang Seng index gained 0.13%. However, China's Shanghai Composite index fell 1.40% and Korea's KOSPI index fell 0.02%.

.The market breadth turned negative. On the BSE, 1123 shares rose and 1365 shares fell. A total of 207 shares were unchanged.

Among sectoral indices, BSE Energy index was the biggest loser with 1.33% followed by BSE Realty index down 0.62% and BSE FMCG index fell 0.47%. However, BSE Auto gained the most with 0.5%.

Reliance Industries Ltd fell 1.78% to close at 1571 after the Delhi high court on Friday ordered RIL and BG Exploration and Production India Ltd (BG), a unit of Shell India, to disclose their assets after the Centre sought to restrain them from disposing of the same.

Lux Industries Ltd fell 7.13% to close at 1300.90 after a block deal as 1.09 million shares or 4% stake of the company changed hands in two block deals. However details of the buyers and sellers were not known.

Reliance Infrastructure rallies 5% to 24.25 on debt reduction plan after a three-member arbitration tribunal unanimously gave the award in favour of Reliance Infrastructure on December 21 as the tribunal directed DVC to pay 896 crore and return the bank guarantees of 354 crore within four weeks.

Shares of Adani Green Energy were locked in 5% upper circuit at 142, also its new high, on the BSE on Monday on the back of heavy volumes. The trading volumes on the counter jumped 1.5 times with a combined 1.9 million equity shares changing hands on the NSE and BSE.

Crisil surged 8.98% to close at 1963 after the company said it will acquire a Stamford, Connecticut-based company Greenwich Associates LLC. The $40 million acquisition will be done through Crisil's subsidiary,

BASF India surged 4.54% to close at 1000.25 after the company's German parent signed a purchase agreement with an affiliate of Lone Star, a global private equity player, for acquisition of BASF's construction chemicals business.

Ramco Systems jumped 3.11% to close at 146.05 after Hong Kong Aircraft Engineering Company (HAECO Group), announced it will work with Ramco Systems to bring the global software specialist's advanced Aviation solutions to Xiamen and Jinjiang in a filing to the exchanges.


(Bloomberg contributed to the story).

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