Sensex falls 51.73 pts

Sensex falls 51.73 pts

Agency News

Mumbai, Jan 8 : The bechmark index of Bombay Stock Exchange (BSE) on Wednesday ended weak by 51.73 points to settle at 40,817.74 following Iran's missile strike on US-led forces in Iraq and weak economic prospects for the current fiscal year 2019-20. Selling across the board also dampened the investor's sentiment.

The National Stock Exchange (NSE) too dropped by 27.60 points to 12,025.35. The Nifty registered days high and low at 12,044.95 and 11,929.60 points respectively. The day opened in red only at 40,574.83, down by 295 pts. It was tumbled down nearly 393 points to 40,476.55, day low. In late trade it erased earlier losses and manged to end negative only at 40,817.74, lost only by 51.73 points from its previous close.

Most of the sectoral indices include, Energy, Auto, Capital Goods, Metal, Power and Realty lost during the day. In scrips, L & T, ONGC, Titan, Sun Pharma and HeroMoto Corp drifted lower during the day. The broader market recouped all losses in late trade. The S&P BSE Mid-Cap index rose 0.23 pc while the S&P BSE Small-Cap index gained 0.06 pc. The market breadth turned positive in the last hour of the session. On the BSE, 1008 shares rose and 1433 shares fell.

A total of 188 shares were unchanged. In Nifty 50 index, 21 stocks advanced while 29 stocks declined. Stocks in Europe and Asia edged lower on Wednesday after the Middle East tensions flared following Iran's attack on military facilities in Iraq hosting American troops. (UNI)