Sensex Down 695.83 points, Nifty Around 17,000; ICICI Bank, Maruti Suzuki top gainers

New Delhi: On the back of global cues, domestic equity market benchmarks BSE Sensex and Nifty50 were trading lower on Monday.

BSE Sensex went 57000 below, while NSE Nifty 50 was trading just above 17000.

Of several companies, ICICI Bank, and Maruti Suzuki were the only two S&P BSE Sensex stocks trading in green despite weak market sentiment.

Stocks of companies like Hindustan Unilever (HUL), Tata Steel, and Wipro were among the top BSE Sensex draggers. Bank Nifty too falls nearly half a percent or 140.45 points to trade below 36000 levels.

Analysts believe that amid the end of monthly derivatives, quarterly earnings data of corporates along with global trends will play a major role in equity markets this week and the markets may see volatility.

Meanwhile, Subhash Gangadharan, Senior Technical and Derivatives Analyst, HDFC Securities, has suggested buying Maruti shares and selling shares of Vedanta Ltd.

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