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Sensex down 126.72 pts
Economy

Sensex down 126.72 pts

Agency News

Mumbai, Dec 3 : The benchmark index of Bombay Stock Exchange (BSE) on Tuesday slipped by 126.72 points to settle at 40,675.45 on profit booking by local operators at higher level amid weak asian market.

Even, fresh trade war fears and expectations of another rate cut by the Reserve Bank of India (RBI) dragged equity markets today. The National Stock Exchange (NSE) too fell by 54 points to 11,994.20.

The Nifty registered days high and low at 12,068.60 and 11,956.40 points respectively. The market remained volatile today, as the sensex rose by 50 points to open at 40,852.61. It advanced by 83 points to 40,885.03 pts day high.

Later, it lost nearly 268 points to 40,554.04, day low before closing at 40,675.45, sliding by 126.72 points from its previous close. The sectoral indices like Materials, FMCG, Telecom, Capital Goods and Power dipps while gain in Bajaj Auto, TCS, Kotak Bank and Infosys capped from further losses, broker informed.

Asian shares fell on Tuesday after US President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina.

In the broader market, the S&P BSE mid-cap index slipped close to a per cent to end at 14,824.55, while the S&P BSE small-cap index shed 0.7 per cent to close at 13,410.74. (UNI)