Sensex slips 206 points on selling pressure after Indian Army strikes Pakistani posts

The Sensex closed at 30,570.97 points, and the Nifty at 9,438.25 points.

IANS May 23, 2017 16:19:30 IST
Sensex slips 206 points on selling pressure after Indian Army strikes Pakistani posts

Mumbai: The Indian equity markets on Tuesday were pulled lower as a weak rupee, caution ahead of derivatives expiry and heavy selling pressure witnessed in healthcare, capital goods and consumer durables stocks, suppressed investors' sentiments.

Sensex slips 206 points on selling pressure after Indian Army strikes Pakistani posts

Reuters

Besides, the equity markets reacted to the Indian Army's claim to have decimated several Pakistani military posts along the Line of Control in Jammu and Kashmir.

The Indian Army's recent "punitive assault" was part of counter-terror strategy to stop cross-border militant incursion.

The 30-scrip Sensitive Index (Sensex) of the BSE tanked over 200 points or 0.67 per cent to provisionally close at 30,365.25 points.

The BSE market breadth was bearish -- with 2,123 declines and 597 advances.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped below its psychologically important 9,400-mark to provisionally close at 9,386.15 points -- down 52.10 points or 0.55 per cent.

On Monday, a rally in FMCG stocks following the government's decision to exempt food items from the purview of Goods and Services Tax (GST) lifted benchmark indices.

The Sensex closed at 30,570.97 points, and the Nifty at 9,438.25 points.

 

Updated Date:

also read

Market Roundup: Sensex crashes 1,700 points, Nifty below 14,400 amid surge in COVID-19 cases
Business

Market Roundup: Sensex crashes 1,700 points, Nifty below 14,400 amid surge in COVID-19 cases

Market indices fell around 3.5 percent on Monday, 12 April amid rising COVID-19 cases and vaccine supply crunch in the country

Market Roundup: Indices gain over 1.3%; Mahindra and Mahindra, Bajaj Finserv among top gainers
Business

Market Roundup: Indices gain over 1.3%; Mahindra and Mahindra, Bajaj Finserv among top gainers

After falling by around 3.5 percent on Monday, the BSE Sensex reclaimed the 48,500 mark while the NSE Nifty traded above 14,500

Market Roundup: BSE, NSE close flat after volatile trading day; Asian Paint, Sun Pharma among top gainers
India

Market Roundup: BSE, NSE close flat after volatile trading day; Asian Paint, Sun Pharma among top gainers

The top five gainers of the day were Asian Paint, Sun Pharma, Hindustan Unilever, HDFC and Dr Reddy. Power Grid, Axis Bank, IndusInd Bank, and ICICI Bank were among the worst performers