Sensex falls 131.18 pts

Sensex falls 131.18 pts

Agency News

Mumbai, Mar 27: Benchmark index of the Bombay Stock Exchange (BSE) on Friday, the last day of the market week, ended negative at 29,815.59, down by 131.18 pts, snapping a gaining streak of last three sessions on heavy selling in telecom, auto, realty and technology stocks. While the Nifty rose by 18.80 pts to 8,660.25. The day opened on a strong note at 30,747.81 up by 801 pts. Within half an hour, the Sensex breached 31k to 31,126.03, zoomed by 1,180 pts day high later it went in red and closed at 29,815.59, down by 131.18 pts from its last close.

Means the Dalal street shrugged off the rate cut that was announced by the RBI Governor Shaktikanta Das. The repo rate was cut by 75 basis points to 4.4 pc and reverse repo by 4.15 pc to 4.15 pc. The Nifty recorded days high and low at 9,038.90 and 8,522.90, respectively.

The sectoral indices that dragged the market were telecom, auto, realty and technology stocks. In scrips, Bajaj finance was the worst-hit dropped by 8.87 pc to Rs 2,546.45, followed by Hero MotoCorp, Bharti Airtel, IndusInd Bank and Maruti Suzuki. (UNI)