Market Closing Bell: Sensex, Nifty settle Lower Dragged By RIL, ICICI Bank

Key benchmarks ended lower on Monday dragged by losses in Reliance, ICICI Bank, HDFC Bank, HUL, Infosys and Axis Bank. The Sensex ended 127 points or 0.22 percent lower at 58,178 and Nifty 50 index slipped 14 points to close at 17,355.

Coal India, Hindalco, Kotak Mahindra Bank, Tata Steel, Bharat Petroleum, TCS, Wipro, Indian Oil and Maruti Suzuki were among the gainers. Reliance Industries was the top Nifty loser, the stock fell 2.3 percent to close at Rs 2,370 after the company delayed the launch of its affordable smartphone JioPhone Next, which it is developing in partnership with Google. ICICI Bank, SBI Life, Hindustan Unilever, HDFC Bank, Adani Ports, Eicher Motors, Mahindra & Mahindra, UPL, HDFC Life and Axis Bank were also among the losers.

Eight of 15 sector gauges compiled by the NSE ended higher led by the Nifty Metal index's over 1 percent gain. Metals shares SEEN buying interest after the Commerce Ministry's investigation arm Directorate General of Trade Remedies (DGTR) recommended the imposition of anti-dumping duty on certain aluminium products from China.

Nifty Bank, Financial Services, PSU Bank, Private Bank, Consumer Durables and Oil & Gas indices ended lower. On the other hand, Nifty Information Technology, Realty, Healthcare, Media and Pharma indices also rose between 0.3-1 percent. Mid- and small-cap shares witnessed buying interest as Nifty Midcap 100 index rose 0.45 percent and Nifty Smallcap 100 index advanced 0.54 percent.

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