Mumbai, Dec 9
The Indian stock market closed in red on Monday as selling was seen in the FMCG sector, amid market sentiment being influenced by mixed global cues.
At closing, Sensex settled at 81,508.46 down by 200.66 points, or 0.25 per cent and Nifty ended at 24,619 down by 58.80 points, or 0.24 per cent.
Shares of Hindustan Unilever Limited were down by 4 per cent in early trade. At the end of trading, it fell by more than 3 per cent or Rs 83.15 and closed at Rs 2,401 per share.
Research analyst Vaibhav Vidwani said that market sentiment was influenced by mixed global cues and concerns over potential rate adjustments by the Reserve Bank of India (RBI), following recent policy announcements.
Experts said that the domestic market exhibited a range-bound trade after last week's rally.
“The rise in oil prices amid tensions in the Middle East, along with investors caution ahead of key economic data like India and US CPI data and ECB policy this week, impacted the sentiment,” they added.