Mumbai, Feb 13 : The BSE Sensex fell for the fifth straight session on Wednesday by 119.51 points to end at a two-week-low of 36,034.11 due to robust selling in Energy, Auto, Capital Goods and Oil & Gas counters despite ease in inflation and upswing in industrial production as well as positive cues from Asian and European peers.
The Nifty of National Stock Exchange (NSE) too declined by 37.75 points to 10,793.65. The Sensex edged higher by 126 points to 36,279.63 in early trade and then climbed by 222 points to touch the day's high at 36,375.80 before noon. Later, it pared early gains and slipped nearly 191 points below the 36K-level to hit the day's low at 35,962.68, before recovering slightly to close negative at 36,034.11, falling by 119.51 points as against its last close.
The Nifty recorded day's high and low at 10,891.65 and 10,772.10 points, respectively. The selling in secotral indices like Energy, Utilities, Auto, Capital Goods, Metal and Power put pressure on the market for another day today, along with scrips of ONGC, SBI, Powergrid, L&T and Yes Bank.
While, buying in Tata Motors, HDFC and Infosys capped the market's further slide, brokers informed. The broader markets also closed in red, as the S&P BSE Mid-Cap index and Small-Cap fell 0.52 per cent and 0.38 pc, respectively. The market breadth was weaker on BSE, as 977 shares rose versus 1,564 fell and 130 were unchanged.
On the macro front, India's industrial production (base year 2011-12=100) increased at improved pace of 2.4 pc in December 2018, compared with 0.3 pc growth recorded in November 2018. The industrial production growth for November 2018 has been revised downwards from 0.5 pc increase reported provisionally. The data was released by government after market hours on Tuesday.
The all-India general CPI inflation eased to 2.05 pc in January 2019 (new base 2012=100), compared with 2.11 pc in December 2018.
Overseas, European stocks were trading higher on Wednesday as optimism towards Washington and Beijing trade talks lifted global markets and data showed earnings growth forecasts for Europe were no longer falling for the fourth quarter after steep downward revisions. Meanwhile, Asian stocks also ended higher on Wednesday on optimism that the world's two biggest economies might be able to hammer out a deal to resolve their nearly year-long trade dispute. (UNI)