Indian equity benchmarks started the first day of the week on a negative note, tracking weak global cues. Oil & gas, capital goods, financial, realty and technology companies' shares were on sellers' radar. Nandan Chakraborty of ENAM said, "Growth concerns in the US weighed on global markets and the dollar. We expect the RBI to raise interest rates by 25 bps in its policy review on June 16 and a further 25 bps in subsequent policy before pausing." Reliance Industries lost nearly 2%. Infosys, Hindalco, SAIL, Maruti Suzuki, Ambuja Cements, Sesa Goa, HUL, ONGC, Jaiprakash Associates, Reliance Infrastructure, Axis Bank and SBI were putting pressure on the market. However, Bharti Airtel, ITC, GAIL, NTPC and Bajaj Auto were witnessing buying interest. At 9:18 hours IST, the 50-share NSE Nifty was trading at 5,452, down 33 points and the 30-share BSE Sensex fell 104 points to 18,163. Midcap & Smallcap space HCC lost nearly 3% as MoEF asked Maharashtra Govt to initiate action against Lavasa under Environment Act. IVRCL Infra and GVK Power were down over 0.5%. Ashok Leyland, Essar and Lanco Infra went down over 0.5%. Adani Power slipped 2.5%. Axis IT&T plunged 4% and Jubilant Foodworks lost 1.8%. Aurobindo Pharma was down over 1%. However, TVS Motor gained 1.5% on DEPB extension. PVR jumped 8% and Pantaloon Retail gained 1.5%. Reliance Industrial Infrastructure rose 3%.

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