Indian Market: Sensex down 503.62 pts
Mumbai, Sep 25 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Wednesday dropped by 503.62 points to settle below 39K to 38,593.52, snapping a positive streak of last three sessions on profit booking by local operators at higher level amid weak global cues.
Besides, trading remained volatile at the bourses as market participants rolled over their positions for the September series of Futures and Options (F&O) contract ahead of their expiry on Thursday.
The National Stock Exchange (NSE) too fell by 148 points to 11,440.20. The day opened weak at 39,087.20, easing by 10 points and it remained under pressure throughout the day. During the day it lost by 587 points to 38,510.97 day low before closing at 38,593.52, tumbling down by 503.62 points from its last close.
The sectoral indices that dragged the market were Realty, Metal, Capital Goods, Industrials, Auto, Realty.
In scrips, SBI, Tata Motors, Tata Motors DVR, Maruti Suzuki and Yes Bank slid while buying in Powrgrid, TCS, NTPC and HCL Technology capped from further fell, broker informed.
The Nifty recorded day high and low at 11,564.95 and 11,416.10 points respectively.
The market breadth was quite weak. On the BSE, 761 shares rose and 1757 shares fell. A total of 127 shares remain unchanged. In Nifty 50 index, 13 stocks advanced and 37 stocks declined.
Overseas, shares in Europe and Asia slipped as traders monitored U.S. political developments.
That apart, markets took cues from Asian peers who were spooked by US lawmakers' decision to call for an impeachment inquiry into President Donald Trump.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
