Benchmark
indices ended lower as they remained under pressure throughout on Monday with
Nifty finished around 11,350 mark.At the close, the Sensex was down 355.70
points at 37,808.91, while Nifty was down 102. points at 11,354. About 812
shares have advanced, 1860 shares declined, and 157 shares are unchanged. Zee
Entertainment, Vedanta, Bharti Infratel, JSW Steel and UPL were among top
losers on the Nifty, while gainers include IOC, ONGC, Coal India, HPCL and
Power Grid Corp.All sectoral indices ended in red led by auto, PSU bank, metal,
FMCG, infra, IT and pharma.The
domestic equity market ended nearly a per cent lower on Monday on growing fears
about a US recession and global economic slowdown. Concerns about the health of
the world economy heightened last week after cautious remarks by the US Federal
Reserve sent 10-year treasury yields to the lowest since early 2018.
BUZZING STOCKS
Jet Airways rallied
nearly 13 per cent after it announced Chairman Naresh Goyal and his wife Anita
Goyal have stepped down from the board of the cash-strapped airline on Monday.Shares
of Arvind Fashions surged 10 per cent to Rs 1,060, its highest level since
listing on the BSE, in intra-day trade after the change in circuit filter to 10
per cent from 5 per cent.Shares of Hero MotoCorp traded lower for the ninth
straight session. During the day, the stock fell near its 52-week low of Rs
2,562, hit on January 31, 2019. Shares of the company ended nearly 1 per cent
at Rs 2,580.
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