India stocks lower; Sensex drops for 9th day to end at 37,090 while Nifty ends below 11,150
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India stocks lower; Sensex drops for 9th day to end at 37,090 while Nifty ends below 11,150

India stocks were lower after the close on Monday, May 13, as losses in the Healthcare, Capital Goods and Power sectors led shares lower.

For Sensex, this was the longest losing streak since February, but it was worst since 2011 for NSE Nifty.

Sensex ended 372 points or 0.99 per cent lower at 37,091 with 24 of 30 constituents in the red. Its NSE counterpart Nifty settled at 11,150, down 131 points or 1.16 per cent lower. For most part of the session, the market remained choppy only to crack in the last hour of trade.

The top gainers on the Sensex were HDFC, Bajaj Finance, Hindustan Unilever, Infosys and Coal India, while the laggards were Sun Pharma, YES Bank, Tata Steel, IndusInd Bank and Tata Motors.

All the sectoral indices with the exception of Information Technology ended in negative territory. Among the major losers were healthcare, basic materials, industrials, utilities, auto, banking shares, capital goods, power, metal and realty.

Further more, the rupee slipped to its lowest level in two months amid US-China trade was concerns and rising crude oil prices. FIIs off late have been offloading shares in the equity market, which also weighed not just on the rupee, but also on investor sentiment.

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