Key benchmark indices fell on Monday to their lowest close in a week, as profit-taking hit shares of blue-chips such as ICICI Bank Ltd for a second consecutive session after the record highs of last week, BankNifty witnessed sharp profit taking today. Caution also prevailed ahead of the expiry of monthly derivatives contracts due on Thursday and ahead of key earnings such asBharti Airtel Ltd and ICICI Bank in a holiday-shortened week.
The broader Nifty lost 0.54 percent, or 41.75 points, to end at 7,748.70. It hit a record high of 7,840.95 on Friday. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 16 advances to 34 declines.
The broader Nifty lost 0.54 percent, or 41.75 points, to end at 7,748.70. It hit a record high of 7,840.95 on Friday. The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 16 advances to 34 declines.
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