Mumbai: The BSE Sensex is down 0.4 per cent while the Nifty is trading 0.3 per cent lower as investors continue to book profits. Investors showed little reaction after Prime Minister Narendra Modi named Arun Jaitley as finance minister as the decision had been widely expected.
Indexes ended flat on Monday, as markets take a breather. The benchmark index has gained 9.9 per cent so far this month on the back of hopes of an economic revival by the Modi-led government. Investors took profits in most of the recent outperformers such as State Bank of India, which is down 1.24 per cent, adding to its 1.9 per cent fall on Monday. The stock had gained 9.6 per cent on Friday after its earnings.
Shares in Gail India Ltd fell as much as 6.1 per cent after the company's earnings missed some analysts' expectations. However, technology stocks, which were not part of the recent rally, gain. Infosys Ltd is up 1.2 per cent while Wipro Ltd gains 2.1 per cent.
