BSE Sensex and Nifty 50 climbed off the day’s high in the last hour of the trade to settle with losses on Monday. Sensex fell 740 points from intraday high to end at 31,561 while Nifty 50 index slipped below 9,250 to settle at 9,239. ICICI Bank, HDFC Bank, HDFC, Kotak Mahindra Bank, HUL and Nestle India were the major contributors in the Sensex plunge today. “In a day which saw Reliance Industries notch up a mcap of Rs 10 lakh crore, profit-taking in afternoon trade trimmed all gains even as the automotive sector displayed strength throughout the day led by the resumption of production and expectation of the much-awaited scrappage policy.
Nifty50 closed lower at 9239.20 level, -12.30 points, or -0.13 per cent. Nifty Support : 9150 and 9100 Resistance : 9300 and 9350.
