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Sensex, Nifty close lower, Metal stocks fall

The benchmarks indices suffer down pressure Monday as negative sentiments gripped the market on Monday. Metal stocks &PSU bank stocks pulled down the indices the most.

The BSE Sensex closed at 38,960.79, lower by 491 points, while Nifty closed at 11,672.15, down151 points. On Sensex fall, major heavy weights Reliance contributed negatively 2.69%, Axis Bank 2.93% and L&T 1.97pc.

Nifty Metal index sectorally lost the most and stood lower by 2.87%, followed by NiftyAuto down by 1.69% and NiftyMedia down by 1.56%, while NiftyBank index closed down at 30,273.25, falling 1.11%. NiftyRealty down by down by 1.33 and Nifty Pharma were also down 1.34%.

On the Nifty50 stocks ,  TataSteel down 5.78%, JSW Steel down 3.78%  Tata Motors down 3.47%, Indiabulls Housing finance down 3.46% and ONGC down 3.25%   while major Nifty gainers include YesBank, Zeel, Coal India and Wipro.