Too little too less: Markets slip on stimulus news, profit booking (Ld)
Centres stimulus announcement did not enthuse the key Indian equity indices which slipped during afternoon trade session on Monday.
Accordingly, the slight fall comes right after the Nifty50 on the National Stock Exchange (NSE) touched the 12,000 mark for the first time since February 2020, during the early morning trade session.
Similarly, the S&P BSE Sensex made healthy gains. It crossed the 40,900 points early in the trade.
At around 1.30 p.m., the S&P BSE Sensex traded at 40,433.14, lower by 76.35 points or 0.19 per cent from the previous close of 40,509.49.
The NSE Nifty50 traded at 11,879.70, lower by 34.50 points or 0.29 per cent from its previous close.
Analysts opined that expensive propositions along with profit booking also impacted the market sentiment.