The Indian equity markets erased all early gains to finish the week’s first trading session on a lower note, with benchmark indices BSE Sensex and NSE Nifty dropping around 0.2% each on Monday, August 24.
The Sensex fell 172 points or 0.22% to close at 77,369, while the Nifty 50 declined 33 points or 0.13% to end the session at 24,219.
Broader markets were mixed. The Nifty Smallcap 100 closed 0.3% lower, while the Nifty Midcap 100 ended marginally higher. Among sectoral indices, the Nifty PSU Bank index declined around 1% to lead the losses, while the Nifty Metal index surged 1.6%.
Market breadth on the NSE turned negative, with 1,820 stocks declining against 1,740 advances, while 113 stocks remained unchanged.
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