Sensex, Nifty Halt 6-Day Winning Streak; Zomato Tanks 11 Per Cent, RIL 3 Per Cent

Sensex and Nifty, the two key equity benchmarks, on Monday halted their six-day winning streak to settle lower, dragged by energy, automobile, and pharma stocks. 

The S&P BSE Sensex, which hit a low of 55,537, ended at 55,766, down 306 points (0.55 per cent), while the Nifty50 closed at 16,631, down 88 points (0.53 per cent). The index hit a low of 16,564 intra-day.

On the BSE, Tata Steel, IndusInd Bank, Coal India, Apollo Hospitals, UPL, Hindalco, HCL Tech, and Wipro advanced between 1 per cent and 3 per cent. On the flipside, M&M, RIL, ONGC, Maruti Suzuki, Kotak Bank, Eicher Motors, and SBI Life slipped in the range of 1.5 per cent to 4 per cent.

In the broader markets, Midcap and Smallcap shares finished on a weak note as Nifty Midcap 100 edged 0.09 per cent lower and Smallcap shed 0.58 per cent.

The overall market breadth stood negative as 1,514 shares advanced, while 1,909 declined on the BSE. 

Among specific stocks, shares of online food aggregator Zomato declined 11.37 per cent to Rs 47.55 apiece as a one-year lock-in period for promoters, employees, and other investors came to an end following a 2021 listing.