Indian shares snapped a two-session winning streak to end lower on Monday as software service exporters took a hit on concerns over a stronger rupee, and as investors took a breather after the NSE Nifty hit a record high last week.
Idea Cellular (IDEA.NS) slumped 9.6 percent as traders said the implied deal price in a planned merger with Vodafone PLC’s (VOD.L) Indian operations under-valued the company shares.
The broader NSE Nifty ended 0.36 percent lower at 9,126.85. It hit a record high of 9,218.40 on Friday.
The benchmark BSE Sensex closed down 0.44 percent at 29,518.74.
Like this report? Sign up for our daily newsletter to get our top reports.
Leave Your Comment
6 months ago
Indian shares hit record closing highs on Monday for a fourth straight session...
7 months ago
Indian shares fell for the first time in five sessions on Wednesday after...
10 months ago
The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with...