• Source:JND

Stock Market:  Benchmark stock indices Sensex and Nifty ended flat in volatile trade on Monday as persistent selling by foreign institutional investors (FIIs), disappointing quarterly earnings and weak cues from Asian markets weighed on investor sentiment. After swinging between gains and losses, the 30-share BSE Sensex ended 9.83 points or 0.01 per cent higher at 79,496.15. It had touched an intraday high of 80,102.14 and a low of 79,001.34. The  NSE Nifty ended marginally lower by 6.90 points or 0.03 per cent at 24,141.30.

Asian Paints was the top loser in the Sensex pack, falling 8.06 per cent after the company reported a 43.71 per cent decline in consolidated net profit for the September quarter.

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Other major losers included Mahindra & Mahindra,  Adani Ports,  Bajaj Finance, NTPC, JSW Steel, Bajaj Finserv and Larsen & Toubro, falling up to 3.50 per cent.
On the other hand, HCL Technologies,  Infosys,  Power Grid, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.

The market breadth was negative, with 1,656 stocks ending in the green, while 1,933 closed in the red. A total of 194 scrips remained unchanged.
FIIs sold shares worth Rs 3,404.04 crore on Friday, according to stock exchange data.

Rupees Hits New All-Time Low

The rupee pared early gains to end at 84.39 (provisional) against the US dollar on Monday, falling for the fourth consecutive session due to continued foreign fund outflows and a strong dollar. Forex traders said the rupee is likely to remain under pressure until the dollar index eases or foreign fund outflows reduce.

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(With Agencies Inputs)