UltraTech Cement and HCL Technologies were the only BSE Sensex stocks that saw an increase in their share prices. On the other hand, Zomato Ltd., Adani Ports, NTPC, ICICI Bank, and State Bank of India faced losses in their share prices.
The BSE Sensex and NSE Nifty initially opened higher on Monday but ended the day significantly lower. The Sensex closed 1.60% or 1,235.08 points down at 75,838.36, while the Nifty ended 1.37% or 320.10 points lower at 23,024.65.
In terms of top gainers, UltraTech Cement saw the highest increase by 0.76% to close at ₹10,705.05, followed by HCL Technologies with a gain of 0.49% to close at ₹1,804.50.
Conversely, Zomato suffered the biggest losses with a steep decline of 10.92% to close at ₹214.65. Adani Ports fell by 3.74% to ₹1,106.10, NTPC dropped 3.51% to end at ₹324.25. ICICI Bank and State Bank of India also witnessed significant declines of 2.98% and 2.57%, closing at ₹1,196.10 and ₹759.00 respectively.
The overall market sentiment was negative, with banking stocks dragging down the indices. The day ended with a bearish outlook as investors closely monitored the developments in the market.
