Key Points
Benchmark stock indices ended lower on Monday, losing gains after the Sensex and Nifty hit record highs earlier in the day...
The S&P BSE Sensex fell by 0.03%, to close at 75,390.5, while the NSE Nifty50 declined 0.11% to 22,932.45..
"Indian bourses commenced the week at a fresh high of 23,039 and banking counters-led rally provided an impetus for the Index to compound its gains but in the last session, profit-booking pressure dragged the Index lower to trade in red," said Aditya Gaggar Director of Progressive Shares...
At record levels, Nifty50 has made a bearish candle and we believe that the Index is likely to retest its strong support of 22,780 while a level of 23,110 will be considered as immediate resistance," added Gaggar...
Among individual stocks, Adani Ports saw a rise of 1.1%, while Wipro dropped by 2.42% on news that Adani Ports will replace Wipro in the 30-stock Sensex index, effective June 24..
