BusinessPhoto: NDTV BusinessSensex Falls Over 100 Points, Nifty Nears 24,950 Amid Profit Booking
The Indian stock market opened higher but traded lower on Monday due to profit booking after a sharp rally last week and a subdued Muhurat session. Sensex dropped over 100 points to around 80,900, while Nifty 50 hovered near 24,950. Bank Nifty stayed above 59,000. Broader markets saw selling pressure, with Nifty Smallcap 100 and Midcap 100 down 0.5%. Sector losses included IT, Metal, Realty, Auto, FMCG; Pharma, PSU Bank, Media, and Private Bank gained. Global markets were mixed, with Asian markets mostly higher and Nasdaq declining for the fourth week. Key upcoming events include inflation data from India, US,...
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