Monday blues spook markets

June 12, 2017 10:38

The Sensex picked up cues from a lacklustre Asia as it stumbled 156 points today in the beginning of the week after investors started to take profit ahead of key IIP and inflation numbers due later in the day.

Asian shares traded in the negative territory after polls in the UK threw up a hung parliament and markets await the results of the first round of France's parliamentary elections.

The 30-share index plunged by 155.91 points, or 0.49 per cent, to 31,106.15.

The gauge had gained 48.70 points in the previous session on Friday. Sectoral indices such as technology, IT, capital goods, bank, PSU, power, auto, oil and gas tripped, falling by up to 0.62 per cent.

Major IT players felt the heat as Wipro, TCS and Infosys slid by up to 2.08 per cent. National Stock Exchange's Nifty too retreated by 45.35 points, or 0.46 per cent, to 9,622.90.

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