Markets end in red, Sensex slips below 35k-mark

NEW DELHI: Markets on Monday closed in red with the benchmark BSE Sensex slipping below the 35,000-mark. Sensex lost 61 points or 0.17 per cent to finish at 34,951, while the broader NSE Nifty lost 25 points or 0.24 per cent to end at 10,528.

IndusInd Bank, NTPC, Power Grid, ONGC, Hero MotorCorp and HDFC were among the top losers on the BSE platform with their stocks sliding as much as 3.29 per cent. On NSE, sub-indices Nifty Media and Pharma tracked major losses, down as much as 1.29 per cent.

Brokers said sentiments were weak largely in tandem with a negative trend in other Asian markets, tracking losses at the Wall Street, and profit-booking by investors after Friday’s rally.

Sensex had surged almost 580 points to end at a one-month high of 35,012 on Friday amid lower crude oil rates and recovery in rupee.

Meanwhile, the rupee today depreciated 34 paise to 72.79 against the US dollar in early trade at the interbank forex market on foreign fund outflows. The rupee opened lower at 72.76 per dollar against previous close of 72.45 and dropped further to quote 34 paise down at 72.79 in opening trade.

(With inputs from PTI)

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