Business: Selling was seen in IT and FMCG stocks after US President Donald Trump announced imposition of 100 percent additional duty on Chinese goods from November 1. After this, due to weak trend in global markets, a decline was recorded in the major stock indices Sensex and Nifty on Monday.
The 30-share BSE Sensex fell 173.77 points or 0.21 per cent to close at 82,327.05, ending its two-day rally. It fell 457.68 points or 0.55 percent to 82,043.14 during trading.
The 50-share NSE Nifty fell 58 points or 0.23 per cent to 25,227.35, as 30 of its shares closed with losses, 19 with gains and one unchanged.
Among the Sensex companies, Tata Motors, Infosys, Hindustan Unilever, Power Grid, Bharat Electronics, ITC, UltraTech Cement and Tata Consultancy Services were the major laggards. However, Adani Ports, Bajaj Finance, Bajaj Finserv and Axis Bank were among the gainers.
