Sensex, Nifty Give Up Day’s Gains; Consumer Goods Stocks Fall

Sensex, Nifty Give Up Day's Gains; Consumer Goods Stocks Fall

Six out of the 11 sectoral indices on the NSE traded in the positive territory

Domestic stock markets gave up early gains to trade flat in mid-morning deals on Monday, despite gains in Asian peers. The S&P BSE Sensex index dropped as much as 238.63 points from the intraday high to hit 40,303.77 on the downside. The broader NSE Nifty benchmark, which climbed to as high as 11,946.20 in early trade, declined 62.1 points from that level to slide below the 11,900 mark. Losses in consumer goods and automobile stocks weighed on the markets, however gains in metal, pharmaceutical and energy shares provided some support.