Benchmark Sensex dropped nearly 119 points while Nifty snapped its eight-day winning run in a volatile trade on Monday due to profit-taking in IT and auto shares ahead of the US Fed policy meeting.
Ending its five-day rally, the 30-share BSE Sensex declined by 118.96 points or 0.15 per cent to settle at 81,785.74. During the day, it hit a high of 81,998.51 and a low of 81,744.70.
The 50-share NSE Nifty settled lower by 44.80 points or 0.18 per cent to 25,069.20, halting its eight-day uptrend. Investors stayed on the sidelines as markets await the outcome of this week's US Federal Reserve policy meeting, analysts said.
Among Sensex firms, Mahindra & Mahindra, Asian Paints, Infosys, Titan, Sun Pharma, Tata Consultancy Services, Tech Mahindra and Power Grid were the major laggards. However, Bajaj Finance, Eternal, UltraTech Cement and Reliance Industries were among the gainers. -- PTI
