AGL 40.17 Increased By ▲ 0.17 (0.43%)
AIRLINK 130.65 Increased By ▲ 1.12 (0.86%)
BOP 6.85 Increased By ▲ 0.17 (2.54%)
CNERGY 4.63 No Change ▼ 0.00 (0%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 43.14 Increased By ▲ 1.45 (3.48%)
DGKC 83.84 Increased By ▲ 0.07 (0.08%)
FCCL 32.93 Increased By ▲ 0.16 (0.49%)
FFBL 78.20 Increased By ▲ 2.73 (3.62%)
FFL 12.24 Increased By ▲ 0.77 (6.71%)
HUBC 110.80 Increased By ▲ 0.25 (0.23%)
HUMNL 14.50 Decreased By ▼ -0.06 (-0.41%)
KEL 5.60 Increased By ▲ 0.21 (3.9%)
KOSM 8.30 Decreased By ▼ -0.10 (-1.19%)
MLCF 39.63 Decreased By ▼ -0.16 (-0.4%)
NBP 61.98 Increased By ▲ 1.69 (2.8%)
OGDC 199.71 Increased By ▲ 0.05 (0.03%)
PAEL 26.56 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.78 Increased By ▲ 0.12 (1.57%)
PPL 160.11 Increased By ▲ 2.19 (1.39%)
PRL 26.69 Decreased By ▼ -0.04 (-0.15%)
PTC 18.70 Increased By ▲ 0.24 (1.3%)
SEARL 83.30 Increased By ▲ 0.86 (1.04%)
TELE 8.23 Decreased By ▼ -0.08 (-0.96%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 9.05 Decreased By ▼ -0.01 (-0.11%)
TREET 16.96 Decreased By ▼ -0.51 (-2.92%)
TRG 60.40 Decreased By ▼ -0.92 (-1.5%)
UNITY 28.00 Increased By ▲ 0.57 (2.08%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,605 Increased By 198.6 (1.91%)
BR30 32,010 Increased By 296.9 (0.94%)
KSE100 98,783 Increased By 1454.2 (1.49%)
KSE30 30,758 Increased By 565.3 (1.87%)
Markets

Indian shares end lower as IT stocks and Reliance drag

  • Global shares also dented sentiment as Asian and European markets fell after a spike in coronavirus cases across Asia over the weekend.
Published June 28, 2021

BENGALURU: Indian shares closed lower on Monday, weighed down by heavyweight information technology stocks and Reliance Industries, with investors showing little reaction to relief measures announced by the country's finance minister.

Benchmark indices snapped their two-day winning streak with the blue-chip NSE Nifty 50 index ending 0.29% lower at 15,814.70, while the S&P BSE Sensex closed down 0.36% to end at 52,735.59.

Both the indexes added about 1.1% each last week, when over 41 million COVID-19 vaccine doses were administered across the country and some pandemic-induced restrictions were further eased.

However, the Nifty and Sensex struggled for momentum on Monday after hitting record highs when they opened, with investors largely looking past several relief measures announced by India's finance minister late in the session.

Global shares also dented sentiment as Asian and European markets fell after a spike in coronavirus cases across Asia over the weekend.

In Mumbai trading, the Nifty IT index ended 0.49% lower after two straight sessions of gains. The country's top software services provider Tata Consultancy Services fell 1.3% and was among the top percentage losers on the Nifty 50.

Billionaire Mukesh Ambani-owned conglomerate Reliance closed 0.7% lower, clocking its fifth consecutive day of losses.

The Nifty Pharma index ended up 1.27%, for only its fourth session of gains in eleven.

Thyrocare Technologies closed down 9.6% after hitting a record high on Friday. Temasek-backed online pharmacy PharmEasy's parent is set to buy a 66.1% stake in the medical laboratory chain owner.

Hospital chain operator Krishna Institute of Medical Sciences and milk distributor Dodla Dairy saw strong market debuts, gaining 20.8% and 42.5%, respectively.

Comments

Comments are closed.