Indian stock market settles in negative territory amid selling pressure, FII outflow
MUMBAI: The Indian stock market continued its downward momentum as it ended lower on Monday amid a potential delay in the India-US trade agreement and continued FII outflow.
MUMBAI: The Indian stock market continued its downward momentum as it ended lower on Monday amid a potential delay in the India-US trade agreement and continued FII outflow.
Sensex closed at 80,891.02, down 572.07 points or 0.70 per cent. The 30-share index began the session in the negative territory at 81,299.97 against the last day's closing of 81,463.09. The index dragged down further to touch an intraday low at 80,776.44 amid selling in heavyweights, especially in the IT sector.
Nifty settled at 24,680.90, down 156.10 or 0.63 per cent.
"Domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows," said Vinod Nair, Head of Research, Geojit Investments Limited.
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