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Indian market snaps its six-day winning streak on Monday

Indian market snaps its six-day winning streak on Monday

India Blooms News Service | 27 Feb 2017, 10:42 pm
Mumbai, Feb 27 (IBNS): Indian equity benchmarks breached their six-day winning streak on Monday with BSE Sensex down 80.09 points to 28,812.88 and NSE Nifty down 42.80 points to 8,896.70.

According to market reports, profit booking in banks, telecom and auto stocks pulled the market down. However, the loss was capped with support from rally in index heavyweight Reliance Industries.

Some of the key stocks that declined on Monday were Axis Bank, ICICI Bank, L&T, HDFC, Bharti Airtel, Maruti and Tata Motors while Reliance Industries gained 4.7 percent.

According to media reports, India's biggest oil and gas producer Oil and Natural Gas Corporation  (ONGC) is likely to acquire the government's 51.11 percent stake in India's third-biggest fuel retailer HPCL.

Indian market snaps its six-day winning streak on Monday

India Blooms News Service
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