Sensex Struggles, Tata Motors Slumps 9% On Earnings Disappointment

On similar lines, the NSE Nifty was up by 33.35 points, or 0.37 per cent, at 8,826.90 points.

The BSE market breadth was skewed in favour of the bears - with 2,143 declines and 698 advances.

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The 30-share barometer, which had gained 61.70 points in the previous three straight sessions, was trading lower by 38.20 points, or 0.13 percent, at 28,313.42, with auto, power, capital goods and metal stocks leading the losses.

"Markets ended with marginal gains on Monday after witnessing a volatile session", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS. European markets were trading on positive ground.

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In terms of broader markets, the BSE mid-cap index fell by 0.37 per cent, while the small-cap index was down by 0.57 per cent.

"All eyes are now on CPI inflation numbers that are expected later in the evening". "On the sectoral front, PSU banks came under severe selling pressure while IT and media stocks saw some buying activity", said Karthikraj Lakshmanan, Senior Fund Manager Equities, BNP Paribas Mutual Fund. The Indian markets saw a tepid start despite Asian shares rising early on Wednesday and Wall Street logging record highs overnight after Federal Reserve Chair Janet Yellen spoke in support of an interest rate hike next month. Meanwhile, Foreign portfolio investors bought shares worth net Rs 504.51 crore last Friday, as per provisional data.

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Top losers in the Sensex-30 pack: Tata Motors (down 10.3 per cent), Sun Pharma (down 4.3 per cent), Tata Steel (down 2.6 per cent), Adani Ports (down 2.1 per cent), and Hero Motocorp (down 1.8 per cent).


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