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Markets, Rupee, Gold, Petrol, Diesel Price Highlights: Sensex, Nifty snap 2-day winning streak as HDFC Bank, RIL falter

Share Trading at a firm in Kolkata (Express photo by Partha Paul)

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: The frontline indices on the BSE and National Stock Exchange (NSE) ended marginally lower with the Nifty 50 failing to hold to 11,900-mark on Monday weighed by market heavyweights HDFC Bank, Reliance Industries (RIL) and Tata Consultancy Services (TCS).

The S&P BSE Sensex settled at 40,284.19, down 72.50 points or 0.18 per cent. The broader Nifty 50 index slipped 10.95 points or 0.09 per cent to end the day at 11,884.50. Both the indices had opened over 0.2 per cent higher earlier in the morning, but soon erased their respective gains and traded in the negative territory for the most part of the day.

The broader market indices, however, outperformed their benchmark peers on Monday, with the S&P BSE MidCap rising 64.54 points or 0.44 per cent to settle at 14,837.53. The S&P BSE SmallCap ended the day at 13,362.61, up 36.21 points or 0.27 per cent.

Among sectors, the Nifty FMCG index was the top loser of the day falling 0.38 per cent on Monday weighed by Jubilant Foodworks, United Spirits and Colgate Palmolive (India). On the other hand, among gainers, the Nifty Metal index was the top gainer of the day as it rose 1.79 per cent led by Tata Steel, Hindalco Industries and Steel Authority of India.

Global Markets

World shares were close to a record high on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015. The news helped Asia's main markets close higher and Europe followed suit, though 0.1 per cent to 0.3 per cent moves showed the initial reaction was cautious.

It did nudge MSCI's 49-country world share index 0.12 per cent higher to leave it less than 1 per cent off the record high it set back in early 2018. The pan-European STOXX 600 index was extending its six-week winning streak. The index is only 8 points short of its own record high of 415.18 points hit in mid-April.

Japan's Nikkei gained 0.5 per cent and was just short of its recent 13-month top. E-Mini futures pointed to S&P 500 adding to Friday's record highs.

(Global market inputs from Reuters)