Markets end lower for 5th straight session, Nifty below 9,900
Monday,
25-Sep-2017
04:02 PM (IST)
The benchmark indices extended losses for the fifth straight session on Monday with both Sensex and Nifty ending nearly 1% lower for the day, tracking weakness in Asian peers, with index heavyweights Larsen & Toubro and HDFC Bank dragging down the indices. Sentiment was also cautious ahead of the September F&O expiry due later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.35%, while Chinese stocks remained shaky following the Federal Reserve’s hawkish policy stance and S&P’s downgrade of China’s sovereign rating last week. Investors remianed jittery as they expect government to tinker with its fiscal deficit target for FY18 by announcing an economic stimulus to revive the economy. Prime Minister Narendra Modi might announce a package later today for power, housing and social welfare programmes to generate jobs and perk up demand. The package is being pegged at Rs 40,000-50,000 crore.
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