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Sensex, Nifty End Modestly Lower

Indian shares ended Monday's session modestly lower, with heavyweight Reliance Industries (RIL) and ICICI Bank leading losses.

The benchmark 30-share BSE Sensex dropped 127.31 points, or 0.22 percent, to 58,177.76 while the broader NSE Nifty index ended down 13.95 points, or 0.08 percent, at 17,355.30.

Reliance Industries fell 2.3 percent after delaying the launch of its JioPhone Next's release by a couple of months amid a crippling global shortage of semiconductor chips.

Private sector lender ICICI Bank lost 1.8 percent while HDFC Bank, Hindustan Unilever and SBI Life all ended down around 1 percent.

Metal stocks advanced, with Tata Steel, Hindalco and Coal India climbing 2-4 percent after the Commerce Ministry recommended the imposition of anti-dumping duty on certain aluminium products from China.

Jet Airways jumped 5 percent after reports the airline will resume domestic flight operations in the first quarter of 2022.

Globally, Asian and European stocks traded mostly higher today despite weak cues from Wall Street Friday.

Investors await U.S. consumer inflation figures for August this week amid concerns the Federal Reserve and other central banks might move sooner to nudge interest rates up from the ultra-low levels.

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