A morning walk down Dalal Street | Inflation data, Q3 earnings, rupee, oil prices in focus

Maintaining is negative streak, equity benchmarks closed Monday’s session with cuts of around 150 points on Sensex. The Nifty ended below 10,750-mark.

Weak global cues and a depreciating rupee added to the woes of bulls on Monday. 

A smart recovery by the bulls in the last hour helped the market close off their low points. The Sensex recovered around 180 points from the day’s low, while the Nifty recovered around 50 points.

Weakness was visible among banks in particular. ICICI Bank and HDFC Bank contributed over 100 points to Nifty Bank’s loss. Infrastructure and metals were the other big losers, while Nifty Pharma has ended higher. The Nifty Midcap has ended 0.39 percent lower.