Sensex extends losses, down 66 pts; IT stocks weigh

Shares of Sun Pharma suffered the most by plunging 2.25 per cent.

Published: 21st December 2016 05:05 PM  |   Last Updated: 21st December 2016 06:38 PM   |  A+A-


A broker reacts while trading at his computer terminal at a stock brokerage firm. (File | Reuters)


MUMBAI: The Sensex fell for the sixth day today, this time about 66 points, to end at nearly two-week low of 26,242, dragged down by major IT stocks such as Infosys and TCS amid mixed global cues.

Infosys fell 0.66 per cent and TCS 1.07 per cent.

The index, which had lost 389.84 points in the previous five session, dropped another 65.60 points, or 0.25 per cent, to end at 26,242.38, its lowest closing since December 7. It shuttled between 26,396.00 and 26,213.51 today.

The 50-share NSE Nifty also declined by 21.10 points, or 0.26 per cent, to end at 8,061.30, after moving between 8,112.55 and 8,053.25.

The volume remained low in view of the approaching holiday year ending.

FMCG, IT, technology, capital goods and healthcare sectors led the fall by up to 0.95 per cent. However, buying interest was witnessed in select sectors like realty, consumer durables, power and PSU.

Shares of Sun Pharma suffered the most by plunging 2.25 per cent, followed by ITC 1.44 per cent.

Other losers were TCS, Wipro, Tata Motors, Axis Bank, L&T Hero MotoCorp, Infosys, Hindustan Unilever, GAIL and Dr Reddy's, while Maruti Suzuki, M&M, Lupin, NTPC, ONGC, Powergrid, ICICI Bank and Adani Ports rose, which minimised the fall.

Overseas, Asian stocks ended largely mixed. Japan Nikkei closed lower by 0.26 per cent on today, slipping off a one-year high hit the previous day as investors shuffled their positions before the holiday season.

However, Hong Kong's Hang Seng rose 0.37 per cent and Shanghai Composite Index was up 1.11 per cent.

Europe opened lower in early trade, with Frankfurt falling 0.20 per cent and Paris 0.40 per cent. London's FTSE was down by 0.20 per cent.

As many as 17 scrips out of 30-share Sensex pack ended lower.

Sector-wise, FMCG index was down 0.95 per cent, followed by IT 0.75 per cent, technology 0.74 per cent and capital goods 0.40 per cent.

Broader market saw a mixed trend, with mid-cap index falling 0.16 per cent. Small-cap edged up 0.03 per cent.

Foreign funds sold shares worth Rs 685.93 crore yesterday, as per provisional data. 


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp