Indian market open the week in negative territory
Fear of likely increase in long term capital gains tax added to market pressure and was largely responsible for the equity benchmarks declining, media reported.
On Monday, gold slumps to 11-month low of Rs 27,550 per 10 gm on weak demand.
Some of the key stocks that declined on Monday were Cipla, Lupin, Tata Steel, ONGC, and SBI while key gainers included HUL, Bharti Airtel, TCS, ITC and L&T.
Image: Wikimedia Commons
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