Sensex melts 336 points to close at 36,108, Nifty ends below 10,900-mark on weak global cues

  • Traders said market remained range-bound for the better part of the session as investors kept their exposure at a low ebb due to weak global cues

  • Towards the fag-end, the selling pressure gathered momentum after European markets opened in the negative zone

  • The NSE Nifty tumbled 91.25 points, or 0.84 percent, to close at 10,831.50 after moving between 10,811.95 and 10,944.75

Mumbai: Benchmark Sensex sank over 336 points to end at 36,108.47 in choppy trade on Wednesday following tepid sentiment in other Asian bourses on mounting signs of slowing global growth and concerns over the lingering China-US trade dispute.

Traders said market remained range-bound for the better part of the session as investors kept their exposure at a low ebb due to weak global cues.

 Sensex melts 336 points to close at 36,108, Nifty ends below 10,900-mark on weak global cues

Representative image. Reuters

Towards the fag-end, the selling pressure gathered momentum after European markets opened in the negative zone.

The 30-share Sensex opened on a firm note at 36,494.12 and advanced to touch a high of 36,521.47, largely on drop in global crude prices and a stronger rupee.

However, it succumbed to a late-session sell-off and finally ended at 36,108.75, down by 336.17 points, or 0.92 percent. The gauge had lost 134.32 points in the previous session.

The NSE Nifty too tumbled 91.25 points, or 0.84 percent, to close at 10,831.50 after moving between 10,811.95 and 10,944.75.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 78.53 crore on Tuesday, while domestic institutional investors (DIIs) sold shares worth Rs 84.15 crore, provisional data showed.

 

 

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Updated Date: Jan 23, 2019 17:21:36 IST