New Delhi | Jagran Biz Desk: Amid global subdued cues, equity indices Sensex and Nifty closed in red as bearish tendencies prevailed at Dalal Street on Monday. BSE S&P Sensex closed 155 points lower at 38,667 while Nifty ended 35 points to 11,477. 
 
Earlier, the markets had opened in a downturn as BSE S&P Sensex shredded 300 points at 38,552 at 10:15 am in early trade while broader index Nifty 50 had slipped 87 points low to 11,425 points.

At NSE, the majority of sectoral indices were trading lower expect IT and FMCG. Nifty's PSU bank was low by 3.4 per cent, private bank by 2.7 per cent, pharma by 1.9 per cent, realty by 1.2 per cent and auto by 1 per cent.

Among major stocks, Indiabulls Housing Finance tanked 34.4 per cent after the Delhi High Court agreed to hear a PIL alleging fund diversion and accounting irregularities by promoters. UT closed at Rs 255.5 per share.

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Private lender Yes Bank shares tumbled by 14.3 per cent to Rs 41.75 despite RBI's nod for further capital raising.

Reliance Capital slipped 12.3 per cent after the company's chairman Anil Ambani told the shareholders during AGM that company will exit lending business.

Renewable energy solution Suzlon fell by 10.2 per cent despite denying reports that it has filed bankruptcy and will soon be approaching NCLT.

Other Major laggards were IndusInd Bank that dropped 6.1 per cent, SBI by 3.6 per cent, ICICI Bank by 3.4 per cent.

Zee Entertainment slipped 3.3 per cent, while drug-maker Cipla lost 3.2 per cent. Other stocks such as HDFC, Sun Pharma, Axis Bank and Britannia too closed in the negative territory.

HCL Technologies, on the other hand, gained 3.6 percent, Infosys by 2.8 per cent, TCS by 2 per cent and Tech Mahindra by 1.6 per cent. Nestle India, Adani Ports, Reliance Industries, ITC and UPL too ended in a positive zone.

In Japan, Nikkei 225 slipped by 0.5 per cent as the conglomerate Softbank group plunged by over 2.5 per cent. Shanghai Composite Index shed 0.92 per cent.
 
(with ANI inputs)

Posted By: James Kuanal