Sensex, Nifty end higher led by banks, IT names

Domestic stock market indices Sensex and Nifty slip nearly 2% from highs to close Monday trade with minor gains.HDFC Twins, Reliance & ITC drag market while Infosys, Axis Bank and Bajaj Finance support.

The S&P BSE Sensex slipped 557 points from day's high to end at 34,370.58, up 83 points or  0.24 per cent while NSE's Nifty ended at 10,167 points, up 25 points or 0.25 per cent.  India VIX, the volatility index, climbed 3.64 per cent to 29.72 levels. 

Oil, IT, and Technology and Media stocks led the gains today, while some selling was seen in Basic Materials, Health, and Metal stocks.

Global markets

World shares paused on Monday as investors turned cautious after a 42 per cent surge since March, as economies continued to struggle with the effects of the coronavirus pandemic. 

Europe’s blue-chip stock index opened 0.5 per cent lower after its best weekly gain in more than eight years. US S&P 500 futures inched 0.1 per cent lower, giving up most of the gains made earlier in the day. 

(With inputs from agencies)