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Markets closed lower on Monday

India Blooms News Service | | Jun 14, 2016, at 04:01 am

#Sensex #Nifty #Index of Industrial Production #Reliance #Infosys #ICICI Bank

Mumbai, Jun 13 (IBNS) Following selling pressure in global equities and poor industrial output data, Indian benchmark indices too ended lower on Monday, with Sensex down 238.98 points to 26396.77 and Nifty down 59.45 points to 8110.60.

The market, which crashed intraday, was able to recover somewhat on the back of recovery in Reliance Industries and Infosys, according to media reports.

Industrial output, measured by Index of Industrial Production (IIP), contracted by 0.8 percent in April against 0.1 percent growth in March that revised from 0.3 percent earlier. Manufacturing (negative 3.1 percent) and capital goods (negative 24.9 percent) were largely responsible for the contraction.

ICICI Bank, HDFC, Tata Motors, L&T, Axis Bank, SBI, Bharti Airtel, ONGC, BHEL and Tata Steel were some of the leading companies that recorded a decline.

Reliance Industries, Infosys, Dr Reddy's Labs and Sun Pharma were some of the major gainers.

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