The Sensex posted its longest losing run in almost five years on Monday. After opening with a negative gap of 267 points, the Sensex recovered smartly. The swing was mainly on buying support from stocks belonging to the FMCG, power and PSU sectors. The Sensex closed the day at 18,737.27 points, losing 170.33 points, or 0.90%. The S&P CNX Nifty of the National Stock Exchange (NSE) ended at 5,617.10 points, down 46.15, or 0.80%.
Earlier in the day, the Sensex opened lower at 18,640.52 points, tracking weak global markets and slipped further to an intra-day low of 18,333.21, losing almost 574 points.
The BSE Realty, BSE IT and BSE Oil & Gas stocks were major contributors to Monday?s decline. The BSE Realty index was down by 311 points, or 3.08%, to close at 9,799.06 points. The market breadth was negative with 1,699 stocks declining, 1,015 stocks advancing, while 48 remaining unchanged.
