Indian benchmark indices enter negative territory on Monday
The downbeat mood was propelled by weak global cues and Indian manufacturing activity dropping to a four-month low in April.
Downbeat US data, falling commodity prices and a surging yen weighing on markets focred Asian markets to end lower on Monday.
The seasonally-adjusted Nikkei India Manufacturing Purchasing Managers’ Index (PMI) — a composite indicator of manufacturing performance — fell from 52.4 in March to 50.5 in April, a shade better than the 50 mark that separates growth from contraction, thus indicating a slowdown in business environment.
Some of the leading gainers on Monday were GAIL, Hindalco, Aurobindo Pharma, Ambuja Cements, BHEL, Maruti and Hero MotoCorp while losers included ICICI Bank, Dr Reddy's Labs, Bharti Airtel, Adani Ports, Tech Mahindra and SBI.
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