(RTTNews) – Indian shares closed lower on Monday, but well above their day’s low, after the International Monetary Fund (IMF) raised India’s GDP growth forecast by 70 basis points to 7.3 per cent for fiscal 2026, citing strong momentum in the third quarter. However, the stance remained cautious due to mixed earnings results and concerns over rising global trade tensions after US President Donald Trump vowed to impose tariffs on eight European countries unless the US is allowed to buy Greenland.
The benchmark BSE Sensex hit an intraday low of 82,898.31, but later closed at 83,246.18, down 324.17 points or 0.39 per cent from its previous close.
After hitting a low of 25494.35 in intraday trade, the broader NSE Nifty index fell 108.85 points or 0.42 per cent to close at 25,585.50.
The market remained very weak on BSE, 3,072 shares fell, while 1,229 shares rose and 182 shares closed unchanged.
Among major losers, Reliance Industries declined 3 per cent, ICICI Bank declined 2.3 per cent and Wipro declined 8 per cent after disappointing quarterly results.
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