After a choppy session, while stock markets managed to close nearer to their three year high, rupee lost 25 paise and closed weak at Rs61.52 per dollar. Domestic currency faced pressure due to the persistent demand from importers and banks as the US currency strengthened overseas.
Sensex edged closer to its three year high of 21,004.96 on November 5, 2010 and closed merely 11 points up at 20,893.89. Unlike Sensex, the broader index, Nifty managed to coss above its three year high of 6,156.9 which it touched on May 20, 2013. Nifty gained 15.6 points and closed at a new three year high of 6,204.95.
Foreign institutional investors bought a net Rs1,031.79 crore of shares on Monday, according to provisional data on the stock exchanges. Of the 13 sector indices on BSE, 10 indices managed to close with gains lead by capital goods index which rose sharply by 4.19 per cent. Real estate and metal indices rose by 2.96 per cent and 1.74 per cent respectively.