Markets go red on profit booking, Sensex sheds 333 points

NEW DELHI: Equity investors indulged in wide scale profit booking on Monday as Sensex and Nifty shed nearly a per cent each during the day's trading.
30-share BSE Sensex lost 332.55 points to close at 38,312.52 while the broader 50-share NSE Nifty closed at 11,582.35, down 98.15 points.
The markets had opened on a positive note, with Sensex gaining more than 100 points at the opening bell.However, selling pressure and weak global cues dragged the indices causing them to finish in the red for the fourth straight day.
The markets have lost quite a bit of steam since early last week, when Sensex came within 10 points of touching the 39,000-mark.
All the sectoral sub-indices, with the exception of Nifty Metal closed in the red on Monday. The FMCG sub-index lost the most at nearly 2.50 per cent.
Wipro, HDFC Bank and Bajaj Auto were the top performers in an otherwise bad day for the markets.