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Sensex down by 267.64 pts
Economy

Sensex down by 267.64 pts

Agency News

Mumbai, Aug 21 : The benchmark index of Bombay Stock Exchange (BSE) came down heavily by 267.64 points to settle at 37,060.37 as selling was seen across the border.

The Nifty of National Stock Exchange (NSE) too dropped by 98.30 points to 10,918.70. Lack of any stimulus package to revive the weak consumer demand and fresh trade war concerns between the US and China hurt investors' sentiment on Wednesday. The day opened negative at 37,298.73, declining by 30 points. During the day it slumped by nearly 306 points to 37,022.52 day low,before closing at 37,060.37, sliding by 267.64 points from its last close. It went up by 78 points to 37,406.55, day high.

The sectoral indices like Materials, Energy, Finance, Telecom, Utilities, Capital Goods and Realty kept the market down. In scrips, Tata Motors, Yes Bank, Tata Motors DVR, Tata Steel and ONGC dropped however, gain in Hero Moto Corp, Infosys, Tech Mahindra, Hind Unilever and Bajaj Auto capped from further decline, broker informed.

In the broader market, the S&P BSE mid-cap ended at 177 points, or 1.32 per cent, lower at 13,259 level. The S&P BSE small-cap, on the other hand, shed 180 points, or 1.43 per cent, to end at 12,390 level.

In Asia, Japan's Nikkei closed 0.28 per cent lower, South Korea's Kospi added 0.22 per cent, and China's Shanghi ended 0.01 per cent higher. (UNI)