BENGALURU, June 28 (Reuters) - Indian shares closed lower on
Monday, weighed down by heavyweight information technology
stocks and Reliance Industries, with investors showing
little reaction to relief measures announced by the country's
Benchmark indices snapped their two-day winning streak with
the blue-chip NSE Nifty 50 index ending 0.29% lower at
15,814.70, while the S&P BSE Sensex closed down 0.36%
to end at 52,735.59.
Both the indexes added about 1.1% each last week, when over
41 million COVID-19 vaccine doses were administered across the
country and some pandemic-induced restrictions were further
However, the Nifty and Sensex struggled for momentum on
Monday after hitting record highs when they opened, with
investors largely looking past several relief measures announced
by India's finance minister late in the session.
Global shares also dented sentiment as Asian and European
markets fell after a spike in coronavirus cases across Asia over
In Mumbai trading, the Nifty IT index ended 0.49%
lower after two straight sessions of gains. The country's top
software services provider Tata Consultancy Services
fell 1.3% and was among the top percentage losers on the Nifty
Billionaire Mukesh Ambani-owned conglomerate Reliance closed
0.7% lower, clocking its fifth consecutive day of losses.
The Nifty Pharma index ended up 1.27%, for only
its fourth session of gains in eleven.
Thyrocare Technologies closed down 9.6% after
hitting a record high on Friday. Temasek-backed online pharmacy
PharmEasy's parent is set to buy a 66.1% stake in the medical
laboratory chain owner.
Hospital chain operator Krishna Institute of Medical
Sciences and milk distributor Dodla Dairy
saw strong market debuts, gaining 20.8% and 42.5%, respectively.
(Reporting by Shivani Singh in Bengaluru; Editing by Krishna