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Sensex closes at 49,771.29 and Nifty at 14,736.40

(G.N.S) Dt. 22

Mumbai

The 30-share BSE index closses on the 1st day of the week with a drop of 86.95 points or 0.17 per cent at 49,771.29, while broader NSE Nifty dropped 7.60 points or 0.05 per cent to 14,736.40.

Midcap index recovered to close higher. Among sectors, Nifty IT, Nifty Pharma and Nifty FMCG gained over 1 percent each, while banks, financial services and auto indices declined.

On the Nifty50, IndusInd Bank, PowerGrid Corporation, ICICI Bank, Tata Motors and HDFC Bank were the top losers, while Adani Ports & SEZ, Britannia Industries, TCS, Tech Mahindra and Sun Pharmaceutical Industries were the top gainers.

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