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BPCL, Tata Steel, Hindalco Industries, Dr Reddy#39;s Laboratories and UPL were among the top Nifty losers
However, it later reversed course as the Institute for Supply Management’s (ISM) non-manufacturing PMI unexpectedly rose, indicating the services sector, which accounts for more than two-thirds of U.S. economic activity, remained resilient.
The dollar index rebounded on Monday after data showed U.S. services industry activity unexpectedly picked up in November, prompting speculation the Fed may lift interest rates more than recently projected.
The Group of Seven price cap comes as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production.
The BSE midcap and smallcap indices performed in line with the main indices and ended on a flat note.
The dollar initially jumped on Friday after U.S. data showed that employers added 263,000 jobs in November, well above estimates of 200,000, but gave up the gains as traders booked profits, with some of the Fed speakers allaying market concerns.
“I do not even try to predict FII flows into India let alone China so because I do not think that is a relevant metric to track .”
Registered political parties that have secured not less than 1 per cent of the votes polled in the last Lok Sabha or legislative assembly election are eligible to receive funding through electoral bonds.