MUMBAI: Sensex fell 523 points on Monday due to profit making in metal It is bank shares amid mixed trends global markets.
The sensex closed down 0.7% at 71,072, with 22 of its components closing in the red and eight in the green. The barometer opened higher and reached a high of 71,757 in early trading. However, profit-taking in Reliance Industries, metal giants and banking stocks dragged the index to a low of 70,923 during intraday trading. The Nifty also closed 166 points or 0.8% lower at 21,616 with 34 of its constituents ending in the red. “An increase in FX margin requirements has caused a decline in positions, particularly in mid- and small-cap companies,” said Vinod Nair, head of research at Geojit Financial Services.