Mumbai, Jan 28: The equity market remained weak for the second day on Tuesday, as BSE Sensex slipped by 188.26 points, below 41K to 40,966.86, a three-week-low as selling pressure was seen in Materials, Energy, Telecom, Auto, Power and Technology stocks amid weak global cues.
Investors also turned cautious ahead of the Union Budget on Saturday. The National Stock Exchange (NSE) too fell by 58.75 points to 12,060.25. The Nifty registered days high and low at 12,163.55 and 12,024.50 points respectively. High volatility was seen during the day, as the Sensex opened on a strong note at 41,299.68, up by 144 pts. It rallied by 178 pts to 41,333.25 day high.
Later, it went in red and tumbled down nearly 286 points to 40,869.75, day low before closing at 40,966.86, sliding by 188.26 pts from its last close. The sectoral indices like Materials, Energy, Industrials, Auto, Metal and Power slid during the market. The S&P BSE Mid-Cap index fell 0.53 per cent while the S&P BSE Small-Cap index lost 0.15 per cent. The market breadth favored the sellers.
On the BSE, 994 shares rose and 1540 shares fell. A total of 172 shares were unchanged. In Nifty 50 index, 14 stocks advanced while 36 stocks declined. Most Asian markets ended lower on Tuesday. The continued spread of the coronavirus in Asia fed risk-off sentiment among traders. (UNI)