Markets opened on a flat to positive note and volatility was seen during the entire session as if markets were moving in a zigzag manner, mainly on account of profit booking in index heavy weights and F&O Expiry due on Thursday. It was the third consecutive session, which made the benchmark indices to drag down. Slip in Crude oil prices and weak European markets too negated the sentiments which made the indices to close in red.
Except FMCG, all the indices ended in red among which Pharma and PSU banks fell the most.
Global Market Updates:
- Stocks seesawed on Monday while oil, the dollar and bond yields all fell as investors began the week, cautious about prospects that U.S. interest rates could soon be raised.
- Asia shares were mixed on Monday with Tokyo down on trade data that showed a sharper than expected drop in imports.
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