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

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

Press Trust of India January 23, 2019 17:21:36 IST
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 36108 Nifty ends below 10900mark 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.

 

 

To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day.

To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.

Updated Date:

also read

Market roundup: Sensex up by 533 points; Nifty ends at 17,691; check top winners and losers
Business

Market roundup: Sensex up by 533 points; Nifty ends at 17,691; check top winners and losers

While Sensex rose by 533.74 points to end at 59,299.32, Nifty saw a rise of 159.20 points to end at 17,691.25.

Piramal Enterprises board approves demerger of pharma business, simplification of corporate structure
Business

Piramal Enterprises board approves demerger of pharma business, simplification of corporate structure

The pharmaceuticals business will get vertically demerged from Piramal Enterprises and consolidated under Piramal Pharma, the company said in a regulatory filing.

Market roundup: Sensex jumps by 568 points, Nifty at 18,337; today's top gainers and losers
Business

Market roundup: Sensex jumps by 568 points, Nifty at 18,337; today's top gainers and losers

Sensex increased by 568.90 points to end at 61,305.95 while Nifty ended at 18,337.90 after gaining 176.15 points.