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Sensex falls by 79.90 pts
Economy

Sensex falls by 79.90 pts

Agency News

Mumbai, Jan 15: The bechmark index of Bombay Stock Exchange (BSE) on Wednesday declined by 79.90 points to settle at 41,872.73 on profit booking by local operators amid weak global peers.

The National Stock Exchange (NSE) too fell by 19 points to 12,343.30. The Nifty registered days high and low at 12,355.15 and 12,278.75 points respectively. High volatility was witnessed during the day. With yesterday's life time high, though the Sensex opened almost steady level at 41,969.86, rising by 17 points and it was the day high. Later, it nosedived nearly 304 points to 41,648.11 day low, in late trade it recovered from day low figure and settled at 41,872.73, sliding by 79.90 points from its last close.

In sectoral indices Energy, Finance, Telecom, Bankex and Technology dragged the market. In scrips, IndusInd Bank, Infosys, SBI, Powergrid and Tech Mahindra lost however, buying in HeroMoto Corp, Titan, Maruti Suzuki and Asian Paints capped from further decline, broker informed. In the broader market, the S&P BSE Mid-Cap index rose 0.68 pc while the S&P BSE Small-Cap index gained 1.04 pc. The market breadth favored the buyers. On the BSE, 1456 shares rose and 1058 shares fell. A total of 181 shares were unchanged.

In Nifty 50 index, 26 stocks advanced while 23 stocks declined and 1 stock was unchanged. The government will release India's trade data for December 2019 at 1800 hrs today. India's trade deficit narrowed to $12.12 billion in November 2019 from $17.58 billion in the same month a year ago, as imports slumped 12.71% to $38.11 billion. Most European shares were trading lower while Asian stocks fell across the board on Wednesday as investors awaited the signing of an initial US-China trade deal, with sentiment somewhat dented by comments from the US Treasury Secretary. (UNI)