<p>Mumbai: Equity benchmarks Sensex and Nifty surrendered early gains to close with deep losses on Monday, snapping their two-day winning streak as investors pared exposure to banking, metal and FMCG stocks amid a weak trend in global markets.</p>.<p>The 30-share BSE Sensex tanked 670.93 points or 0.93 per cent to settle at 71,355.22. During the day, it fell 725.11 points or 1 per cent to 71,301.04.</p>.<p>The Nifty declined 197.80 points or 0.91 per cent to 21,513.</p>.<p>Among the Sensex firms, State Bank of India, ITC, Nestle, Asian Paints, Tech Mahindra, Mahindra & Mahindra, Tata Consultancy Services and Hindustan Unilever were the major laggards.</p>.<p>In contrast, HCL Technologies, Power Grid, Sun Pharma, NTPC, Bajaj Finance and Titan were the gainers.</p>.Trade deficit, Swiss decision to end import duties limit India's gains in proposed FTA with EFTA.<p>In Asian markets, Seoul, Shanghai and Hong Kong settled lower. Japan's Nikkei was closed for a holiday.</p>.<p>European markets were trading lower. The US markets ended marginally up on Friday.</p>.<p>"The market witnessed widespread selling as the euphoria over early rate cuts may diminish due to the better-than-expected non-farm payroll data from the US and the consequent rise in the US 10-year yield. In the near term, investors’ trade positions will be more inclined towards the upcoming result season," said Vinod Nair, Head of Research at Geojit Financial Services.</p>.<p>Global oil benchmark Brent crude declined 1.21 per cent to USD 77.81 a barrel.</p>.<p>Foreign Institutional Investors (FIIs) bought equities worth Rs 1,696.86 crore on Friday, according to exchange data.</p>.<p>The BSE benchmark jumped 178.58 points or 0.25 per cent to settle at 72,026.15 on Friday. The Nifty climbed 52.20 points or 0.24 per cent to 21,710.80. </p>
<p>Mumbai: Equity benchmarks Sensex and Nifty surrendered early gains to close with deep losses on Monday, snapping their two-day winning streak as investors pared exposure to banking, metal and FMCG stocks amid a weak trend in global markets.</p>.<p>The 30-share BSE Sensex tanked 670.93 points or 0.93 per cent to settle at 71,355.22. During the day, it fell 725.11 points or 1 per cent to 71,301.04.</p>.<p>The Nifty declined 197.80 points or 0.91 per cent to 21,513.</p>.<p>Among the Sensex firms, State Bank of India, ITC, Nestle, Asian Paints, Tech Mahindra, Mahindra & Mahindra, Tata Consultancy Services and Hindustan Unilever were the major laggards.</p>.<p>In contrast, HCL Technologies, Power Grid, Sun Pharma, NTPC, Bajaj Finance and Titan were the gainers.</p>.Trade deficit, Swiss decision to end import duties limit India's gains in proposed FTA with EFTA.<p>In Asian markets, Seoul, Shanghai and Hong Kong settled lower. Japan's Nikkei was closed for a holiday.</p>.<p>European markets were trading lower. The US markets ended marginally up on Friday.</p>.<p>"The market witnessed widespread selling as the euphoria over early rate cuts may diminish due to the better-than-expected non-farm payroll data from the US and the consequent rise in the US 10-year yield. In the near term, investors’ trade positions will be more inclined towards the upcoming result season," said Vinod Nair, Head of Research at Geojit Financial Services.</p>.<p>Global oil benchmark Brent crude declined 1.21 per cent to USD 77.81 a barrel.</p>.<p>Foreign Institutional Investors (FIIs) bought equities worth Rs 1,696.86 crore on Friday, according to exchange data.</p>.<p>The BSE benchmark jumped 178.58 points or 0.25 per cent to settle at 72,026.15 on Friday. The Nifty climbed 52.20 points or 0.24 per cent to 21,710.80. </p>