STOCK MARKET BSE NSE

Sensex Slips 43 Points to Close at Over Two-week Low

Published: 05th January 2016 04:46 PM  |   Last Updated: 05th January 2016 04:46 PM   |  A+A-

By PTI

MUMBAI: The benchmark BSE Sensex today fell by 43 points to close at over two-week low of 25,580.34 in choppy trading as renewed concerns over the health of Chinese economy battered global stocks for the second straight day.

Earlier, the market opened in the green amid across-the- board value-buying in realty, power and oil&gas stocks.

Equities later pared gains on continued sell-off in Asian and European markets, which fell for the second day on Chinese concerns and rising tensions in the Middle East.

A disappointing US factory  data also added to the sense of fear, hammering Wall Street stocks yesterday.

The 30-share BSE Sensex resumed higher at 25,744.70 and advanced to the day's high of 25,766.76. However, after swinging between gains and losses, it finally settled 43.01 points or 0.17 per cent down at  25,580.34 -- its lowest close since December 18 when it had closed at 25,519.22.

The gauge had plunged by 537.55 points on the first day of the week.

The NSE Nifty after recapturing the 7,800-mark in early trade to touch a high of 7,831.20 concluded 6.65 points or  0.09 per cent down at 7,784.65.

Coal India was the worst Sensex performer by tumbling 1.35 per cent, followed by SBI at 1.22 per cent.

Other losers included Hero MotoCorp (1.11%), HUL (1.09%), TCS (1.06%), NTPC (0.90%), HDFC Bank (0.85%), Lupin (0.84%), Bharti Airtel (0.78%), Cipla (0.68%) Axis Bank (0.66%) and Tata Motors (0.66%).

On the other side of the spectrum, Tata Steel, GAIL, Asian Paints, ONGC, RIL, BHEL and ICICI Bank provided some relief.

Asian markets mostly fell to end another volatile session, a day after a global sell-off that saw trading suspended in Chinese shares. European equities were also trading lower in their early deals.

Among BSE sectoral indices, IT suffered the most by losing (0.42%) followed by teck (0.41%), bankex (0.32%), auto (0.31%) and FMCG (0.10%).

The broader markets, however, outperformed, as the BSE small-cap index ended 0.79 per cent higher while mid-cap index gained 0.56 per cent.

Meanwhile, foreign investors sold shares worth Rs 667.15 crore yesterday, as per provisional data.

More from Business.

Comments

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 newindianexpress.com 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 newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com 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. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp