Indian market ends Monday on negative note
According to market reports, investors are waiting to see how the March quarter corporate earnings season pans out.
Tata Consultancy Services Ltd, Yes Bank Ltd and HDFC Bank Ltd are scheduled to publish their results this week.
Leading stocks that gained on Monday were GAIL, Reliance, Dr Reddy's Labs, Bajaj Auto, Kotak Mahindra and Maruti Suzuki while NTPC, Sun Pharma, Bharti Infratel, Asian Paints, Coal India and ONGC declined.
On Monday, the Union Ministry of Commerce and Industry published India's wholesale price index (WPI) for March 2017.
WPI declined by 0.1 per cent to 185.3 (provisional) from 185.5 (provisional) for the previous month.
The rate of inflation based on March WPI stood at 5.70 per cent (provisional) for March 2017 (over March 2016) compared to 6.55 per cent (provisional) for February 2017 and negative 0.45 per cent during the corresponding month of the previous year.
The index for 'Primary Articles' category, which consists of food, non-food and minerals, declined by 0.2 per cent to 257.5 (provisional) from 258.1 (provisional) for the previous month.
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