Weakness in RIL, ICICI Bank, Tata Motors and ONGC weighed on the indices heavily.
For the day, the Sensex was down 136 points at 25,991 and the Nifty gave off 42 points to trade at 7,749.
The broader markets underperformed as both the mid and smallcap indices were down 0.4-0.7%.
The markets will remain closed for trading on Tuesday, July 29, on account of Ramzan ID.
The Indian rupee was trading unchanged at 60.11 compared to its previous close. Meanwhile, month-end demand for dollars from crude oil importers is likely to keep the pressure on the Indian currency.
Sectors & Stocks
Consumer Durables, IT, FMCG and Health Care indices closed in green with gains of atleast 0.2%.
Realty index was the top loser down nearly 3% followed by Metal, Oil and Gas and Bankex indices down 0.7-1.5%.
Index heavyweight Reliance Industries was down 1.6% after gaining nearly 5% last week while ICICI Bank was down 1.6% contributing the most to the Sensex losses.
TCS which had gained 6.6% last week slipped 0.6% in today’s trade.
Tata Motors extended losses and was down 2% after its overseas arm Jaguar Land Rover agreed to lower prices of three of its car models in China by five-seven
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