Stock market today: BSE Sensex and Nifty50, the benchmark equity indices, closed
lower on Monday due to cautiousness among investors ahead of key domestic and US
inflation data.

The BSE Sensex declined by 617 points or 0.83% to settle at 73,502, while the NSE Nifty
dropped by 161 points or 0.72% to end at 22,332. The market capitalisation of all listed
companies on the B SE declined by Rs 3.15 lakh crore to Rs 389.66 lakh crore, according
to an ET report.

Power Grid Corp and Tata Steel were the top laggards among blue-chip stocks, falling
over 2% each.

Other stocks like SBI, IndusInd Bank, NTPC, and HDFC Bank also closed lower. However,
Nestle India, Bajaj Finserv, Asian Paints, and Tech Mahindra closed with gains.
The small-cap stocks, which are more domestically-focused, lost 2%, underperforming
the benchmarks. The mid-cap stocks dropped by 0.4%.

NLC India shares closed nearly 7% higher after the company’s offer for sale (OFS)
opened for retail investors. RVNL shares also close d over 3% higher after the company
secured four orders worth Rs 2,092 crore.

In terms of sectors, Nifty Bank, Media, Metal, Realty, and Oil & Gas closed over 1% lower,
while Nifty Pharma and Healthcare ended higher.
The market breadth favored the bears, with 3,039 stocks declining, 924 gaining, and 118
remaining unchanged on the BSE.