Sensex succumbs to late sell-off ends 77 pts lower
Mumbai Jan 28 PTI The BSE gauge Sensex dived nearly 900 points from the days peak to finish Fridays highly volatile session 77 points lower at 57200 triggered by a late sell-off mainly in banking and auto shares Starting off on a high note the 30-share index soared to trade briefly above the key 58000-level in afternoon trade before plunging to a low of 5711928 After fighting bouts of volatility towards the fag-end of the session the index finally closed 7671 points or 013 per cent lower at 5720023 Likewise the NSE Nifty too swung between gains and losses before ending 820 points or 005 per cent down at 1710195 The Sensex was pulled lower mainly by Maruti Tech Mahindra PowerGrid ICICI Bank Axis Bank and SBI — which suffered losses to the tune of 3 per cent Vinod Nair Head of Research at Geojit Financial Services said After the decent opening post yesterdays weak closing domestic bourses again staged a quick sell-off tracking weak European trend Policy tightening by the US Fed and rising geopolitical tensions in Ukraine coloured global sentiments The broad market ended mixed considering IT realty and mid and smallcaps rebounded after continuous heavy-selling this week he added Elsewhere in Asia bourses saw mixed trading pattern as barring Japan and Korea all logged losses Meanwhile international oil benchmark Brent crude eased 042 per cent to USD 8970 per barrel Foreign institutional investors FIIs remained net sellers in the capital markets offloading shares worth Rs 626675 crore on Thursday as per official exchange data PTI MKJ MKJ ABM ABM
Mumbai Jan 28 PTI The BSE gauge Sensex dived nearly 900 points from the days peak to finish Fridays highly volatile session 77 points lower at 57200 triggered by a late sell-off mainly in banking and auto shares Starting off on a high note the 30-share index soared to trade briefly above the key 58000-level in afternoon trade before plunging to a low of 5711928 After fighting bouts of volatility towards the fag-end of the session the index finally closed 7671 points or 013 per cent lower at 5720023 Likewise the NSE Nifty too swung between gains and losses before ending 820 points or 005 per cent down at 1710195 The Sensex was pulled lower mainly by Maruti Tech Mahindra PowerGrid ICICI Bank Axis Bank and SBI — which suffered losses to the tune of 3 per cent Vinod Nair Head of Research at Geojit Financial Services said After the decent opening post yesterdays weak closing domestic bourses again staged a quick sell-off tracking weak European trend Policy tightening by the US Fed and rising geopolitical tensions in Ukraine coloured global sentiments The broad market ended mixed considering IT realty and mid and smallcaps rebounded after continuous heavy-selling this week he added Elsewhere in Asia bourses saw mixed trading pattern as barring Japan and Korea all logged losses Meanwhile international oil benchmark Brent crude eased 042 per cent to USD 8970 per barrel Foreign institutional investors FIIs remained net sellers in the capital markets offloading shares worth Rs 626675 crore on Thursday as per official exchange data PTI MKJ MKJ ABM ABM
