Goldennifty analyzing team said, Indian markets dropped on Monday erasing earlier gains. Sensex trading down 7.59 points or 0.05% at 16,731.42 with 11 components falling. NSE Nifty was trading higher by 0.75 points or 0.01% at 5,049.35 with 31 components gaining.
The 30-share benchmark index, BSE Sensex opened with a decline of 71.99 points or 0.43% at 16,667.02, while the broad based NSE Nifty started with a fall of 23.25 points or 0.46%, at 5,025.35.
Reliance Industries contributed fall of 63.98 points in the Sensex. It was followed by H D F C Bank (9.88 points), Hero Motocorp (2.38 points), Maruti Suzuki India (2.05 points) and Larsen & Toubro (1.81 points).
However, I C I C I Bank contributed rise of 24.78 points in the Sensex. It was followed by Infosys (17.99 points), Tata Consultancy Services (7.47 points), Tata Power Company (5.79 points) and Bharat Heavy Electricals (4.08 points).
Biggest gainers in the 30-share index were Tata Power Company (2.91%), I C I C I Bank (2.18%), Bharat Heavy Electricals (1.42%), Infosys Technologies (1.14%), Bajaj Auto (1.04%).
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