Falling for the first time in five days, the S&P BSE Sensex on Monday closed about 42 points lower from its highest in a week hurt by losses in telecom, IT, banking and metal shares.
TCS, HDFC, Bharti Airtel and Sesa Sterlite were among the biggest laggards.
The Sensex resumed higher at 20429.16 and firmed up further to a high of 20434.50 amid higher global cues. However, it declined later to 20312.21 on fresh selling in view of capital outflows, before ending at 20334.27, a loss of 42.29 points from Friday’s closing level.
The NSE 50-share Nifty moved down by 9.75 points to 6053.45. Uneasiness over macroeconomic signals after sluggish advance growth estimates kept the market volatile, traders said.
Rupee sheds 15 paise
The rupee on Monday erased initial gains to end 15 paise lower at 62.43 against the dollar on fag-end demand of the U.S. currency from banks and importers, amid a tepid stock market.