After staying lacklustre in the first half of the day, key equity indices lost ground in the mid-afternoon trades on selling pressure in the capital goods, power and IT stocks on Monday.
Investors were apprehensive over concerns of the US government?s exact plans of the rescue package of $700 billion to the ailing financial system.
The Sensex lost 47.36 points or 0.34% ending the day at 13,994.96 points, while the S&P CNX Nifty closed down 22.20 points or 0.52% at 4,223.05 points. Even, cues from the European markets were not that encouraging. The stock of Reliance Industries Ltd (RIL) closed the day at 2,037.15 down by Rs14.70 points or -0.72%, not reacting to the company?s announcement that it would start producing natural gas from its deepwater block, in the Krishna Godavari basin (KG basin) from the first quarter of next year.