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Indian markets end Monday on a losing note

Indian markets end Monday on a losing note

India Blooms News Service | | 28 Mar 2016, 07:15 pm
Mumbai, Mar 28 (IBNS) The Indian benchmark indices ended low on Monday with the Sensex down 371.16 points at 24966.40 and Nifty down 101.40 points at 7615.10.

The loss was largely fuelled by investors booking profits in recent out-performers ahead of derivatives settlement and the closing of 2015-16 financial year on Thursday, according to reports.

Some of the top losers on Monday included ICICI Bank, Axis Bank, SBI, Sun Pharma, Lupin, Cipla, Tata Motors, Hindalco, Tata Steel, L&T,  HDFC Ltd,  Coal India, Hindustan Unilever, Adani Ports, and BHEL.

According to media reports, mutual funds (MFs) pulled out nearly Rs 5,200 crore from stock markets in March on profit booking, logging their first net outflow since May 2014.

In the entire fiscal ending March 31, MFs have invested more than Rs 70,000 crore.

Image: Wikimedia Commons