Mumbai
The Indian stock markets key indices, Sensex and Nifty, closed in the red in a volatile session on Monday after the government announced a slew of fiscal measures on the weekend to ease inflationary pressure.
The 30 stock S&P BSE Sensex closed 37.78 points or 0.07 per cent down at 54,288.61 points against its previous session’s close at 54,326.39 points.
The markets witnessed a volatile session. The Sensex started the day on a positive note at 54,459.95 points. Volatility was seen in the markets from the morning itself. The Sensex slipped into the red in the early morning session hitting a low of 54,191.55 points. However, it made a strong recovery surging to a high of 54,931.30 points in the intra-day. The markets witnessed selling pressure towards the end of the trading session and ended the day in the red.
The benchmark Sensex had gained 1534.16 points or 2.91 per cent on Friday, the previous trading day.
The broader Nifty 50 of the National Stock Exchange closed 51.45 points or 0.32 per cent down at 16,214.70 points against its previous session’s close at 16,266.15 points.
The Nifty had gained 456.75 points or 2.89 per cent.
The markets witnessed volatile trading after the government announced a slew of measures on the weekend to ease inflationary pressure.
