CLOSING BELL: Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent

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		<b>CLOSING BELL<br />
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		Stock market highlights:&nbsp;</b>Equity markets were choppy on Monday as global mood remained sombre, and investors booked profit after Friday&#39;s 2-per cent rally. The S&P BSE Sensex gyrated within a band of 771 points, before settling at 56,789, down 638 points or 1.11 per cent. The NSE Nifty50, too, closed 207 points, or 1.21 per cent, lower at 16,887. The index hit a high of 17,114.65, and a low of&nbsp;16,855.55 during the day.&nbsp;</div>
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		Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent. This was followed by selling in Eicher Motors, Maruti Suzuki, Adani Ports, Hindalco, Tata Consumer Products, HUL, Kotak Bank, ITC, HDFC Life, Britannia, SBI, and Tata Motors. All these stocks fell between 2 per cent and 6 per cent.</div>
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		On the upside, ONGC, Cipla, Coal India, Dr Reddy&#39;s Labs, BPCL, Divis Labs, and Bharti Airtel helped trim losses.&nbsp;</div>
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		The broader markets declined in tandem with benchmarks with the BSE MidCap, and SmallCap indices dipping 1.24 per cent, and 0.5 per cent, respectively. Overall, there were roughly 1,400 stocks in the green on the BSE, as against over 2,100 stocks in the red. Volatility index -- India VIX -- surged over 7 per cent today.</div>
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		Sectorally, barring the Nifty Pharma index, which added 1 per cent, all other indices faced profit booking. The Nifty Metal index slumped the most, down 3 per cent, followed by the Nifty PSU Bank index (2.7 per cent), and Nifty FMCG and Auto indices (2 per cent each).</div>
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		<strong>Global markets</strong></div>
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		European stocks fell on Monday as markets entered the last quarter of the year. The pan-European Stoxx 600 index dropped 1 per cent in early trade, with financial services stocks shedding 1 per cent to lead losses while oil and gas stocks added 1.3 per cent.</div>
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		The decline in Europe comes after a gloomy trading session in Asia-Pacific markets, with sharp moves in the price of oil. Hang Seng dipped 0.8 per cent, and ASX 200 eased 0.27 per cent. Nikkei, meanwhile, gained 1 per cent.</div>
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		In the US, Dow Jones futures were positive, while&nbsp; futures linked to S&P500, and Nasdaq Composite were in the red.&nbsp;</div>
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Sensex down 638 pts; Nifty nears 16900; Adani Group stocks slide, pharma up

Business Standard

Sensex down 638 pts; Nifty nears 16900; Adani Group stocks slide, pharma up | News on Markets - Business Standard

US markets close with cuts Friday; Dow ends at lowest since Nov 2020

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