The Indian equity market closed with marginal losses on Monday erasing all its early gains. Indices failed to surge higher led by selling pressure witnessed in the capital goods, banking, FMCG and energy stocks. ICICI Bank and L&T led the decline among the index heavyweights after posting disappointing set of first quarter earnings on Friday. Even better than expected auto sales figures by Maruti and Eicher Motors failed to cheer the sentiment on the street.Nifty closed with a loss of mere two points at 8,636, while BSE Sensex ended with a loss of 49 points at 28,003.

On the global front, Asian shares closed on a mixed note. Japan’s Nikkei and Hong Kong’s Hang Seng closed in green, while China’s Shanghai Composite dropped 1%. China’s official manufacturing purchasing managers’ index slipped below 50 in July, indicating a contraction in the nation’s factory activity for the first time in five months, as per official data.

Borosil Glass Works shares rallied 7% after it announced acquisition of around 60% stake in Klasspack.

Suven Life Sciences slipped 1.3% on BSE. The pharma company announces today that the grant of one product patent from Macau and one product patent from New Zealand corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032.

Maruti Suzuki India rallied 2.4% to Rs.4869 on BSE. The company reported its auto sales numbers today.It sold a total of 137,116 units in July 2016, growing 12.7 % over the same period of last fiscal.

USDINR trade today trading up 25 paise at 66.76 per US dollar.

Out of 1,483 stocks traded on the NSE, 910 declined and 528 advanced today.

Top 5 Nifty Gainers: ITC Ltd (2.89%), Maruti Suzuki (2.11%), Hero Motocorp (1.62%), Hind. Unilever (1.50%) and Asian Paints (1.26%).

Top 5 Nifty Losers: Wipro (-1.43%), HDFC (-1.36%), Lupin Ltd (-1.12%), Bharti Airtel (-0.63%) and Infosys Ltd (-0.63%).

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