Sensex Slips 57 Pts, Ends in Red for Second Week
Benchmark Sensex frittered away a good start to finish 57 points lower today, with investors choosing to book profits amid mixed global cues.
The 30-share index had soared about 162 points to hit a high of 29,584.34 in early trade, but surrendered gains in mid-session selling, which dragged it down to 29,259.42. The barometer finally ended at 29,365.30, down 57.09 points or 0.19 per cent.
The broader NSE Nifty closed lower by 17 points, or 0.19 per cent, at 9,119.40 after shuttling between 9,183.65 and 9,088.75.
On a weekly basis, the BSE Sensex fell 96.15 points, or 0.32 per cent, and the Nifty 31.40 points, or 0.34 per cent, sliding for the second straight week.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 168.84 crore yesterday, as per provisional data.
"The quarterly results till date have painted a mixed picture while concerns over upcoming French election is adding risk to the market. A hawkish tone of RBI in its latest minutes has also added pressure on the downside," said Vinod Nair, Head of Research, Geojit Financial Services.
Among sectoral indices, the BSE FMCG fell the most at 0.97 per cent, followed by healthcare 0.76 per cent, metal 0.59 per cent, auto 0.41 per cent, IT 0.36 per cent, teck 0.21 per cent and PSU 0.17 per cent.
Realty, power, capital goods, oil & gas and consumer durables closed higher by up to 2.37 per cent.
Sun Pharma emerged as the top loser in the Sensex pack by plunging 2.41 per cent to Rs 640.05, followed by Cipla (1.84 per cent).
Other laggards were ITC (1.81 per cent), Adani Ports (1.72 per cent), Power Grid (1.44 per cent), Wipro (1.36 per cent), ICICI Bank (1.34 per cent), Lupin (1.31 per cent), M&M (1.28 per cent), Coal India (1.12 per cent), Maruti Suzuki (1.10 per cent), HUL (1.08 per cent) and SBI (0.97 per cent).
HDFC Bank was the biggest gainer, rising 2.38 per cent to Rs 1,496.75 after the company report an 18.2 per cent growth in net profit at Rs 3,990 crore for the March quarter.
Reliance Industries remained at the centre of brisk activity and surged 2.22 per cent to Rs 1,399.75.
NTPC, Asian Paints, L&T, Hero MotoCorp and ONGC too ended in green, rising up to 1.83 per cent.
Outshining the Sensex, the broader markets put up a better show, with the small-cap index rising 0.25 per cent and mid-cap gaining 0.02 per cent.
Globally, US markets ended higher overnight amid revived hopes of tax cuts, while Bank of Japan said it will keep accommodative policy in place.
Asian markets were mostly mixed with Hong Kong's Hang Seng falling 0.06 per cent, while Japan's Nikkei rose 1.03 per cent. China's Shanghai Composite Index gained 0.03 per cent.
Europe was in the grip of weakness in early session, with Paris CAC 40 falling 0.37 per cent after the latest terror attack on the city, while Frankfurt's DAX slid 0.16 per cent. London's FTSE shed 0.17 per cent.
- Delhi Man Killed For Objecting To Public Urination
- Pathankot on Alert After Bag Found With Army Uniforms
- 'The Square' Wins Palme d'Or Top Prize at Cannes
- Wonderful, Precise And Very Cool: How Do Our Money Up-Chucking Machines Work?
- "I'm Only Passing Through" 10 Leonard Cohen Songs That You Must Listen To
- Blackout For NDTV Stirs The Media
- Daily Curator: The Dominion Of Misunderstood Men Over Headlines
- Daily Curator: Of Holes Being Poked Into The Bhopal Encounter And The Origins Of Chyawanprash
- Watch: Viral Video Has Man Lighting Up A Line Of Crackers Attached To His Mouth
- MOST VIEWED
- MOST COMMENTED
- 14 Men Molest 2 Women, Posts Video On The Social Media
- Defending The Use of 'Human Shield', General Bipin Rawat Says 'Dirty War' In Kashmir Has To Be Fought With 'Innovative Ways'
- After Rahul, Now Akhilesh Denied Entry to Violence-Hit Saharanpur
- Three Booked For Abducting, Raping Minor Girl In Rajasthan
- What Exactly Is The Govt Celebrating? Rahul Questions 'Modi's Three Year' Festivities
- IT Dept Raids 22 Locations In Benami Land Deal Case Linked To Lalu Prasad Yadav
- Mamata Banerjee Discusses Joint Candidate for President Polls with Sonia Gandhi
- Petrol Price Cut By Rs 2.16 per Litre, Diesel By Rs 2.10