Market Closing: Sensex falls 949 pts, Nifty settles at 16,912

The key benchmark indices on Monday,  fell nearly 900 points as weakness in IT and FMCG stocks spread to select auto and financial stocks. The Sensex was down 949.32 points, or 1.65 percent, at 56,747.14, and the Nifty was down 284.40 points, or 1.65 percent, at 16,912.30 at the close. Around 1340 shares have risen, 1948 have fallen, and 165 have remained unchanged.

Except for UPL, all other Nifty50 companies closed in the red, with Coal India, IndusInd Bank, Tata Consumer Products, Bajaj Finserv, and HCL Technologies among the worst performers. Among the Sensex-30 stocks, IndusInd Bank and Bajaj Finserv were the biggest losers. The IndusInd bank  fell 3.7 percent, while Bajaj Finserv fell 3.3 percent. Reliance Industries was down 1.8 percent, and Bharti Airtel was down 3 percent.

TCS, HCL Technologies, Tech Mahindra, and Infosys all saw their stock prices fall by 2.5 to 2.9 percent. Other notable losers included Dr. Reddy's, Asian Paints, Maruti, and NTPC. The Sensex 30 equities all finished in the red.

The BSE IT index hit a new high of 2.5 percent among sectors. Both the Energy and Telecom indices were down 2 percent. The FMCG, Healthcare, Auto, and Realty indices were the other big losses, each down over 1 percent.

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