Sensex falls by 173.25 pts

Sensex falls by 173.25 pts

Agency News

Mumbai, Apr 8: the BSE Sensex on Wednesday declined by 173.25 points to settle at 29,893.96 in highly volatile trade on profit booking by local operators at high level amid negative global peers.

The Nifty of national stock exchange too eased by 43.45 points to 8748.75. The nifty recorded days high and low at 9131.70 and 8,643.90 points respectively. High volatility was witnessed in the equity market. Though, the Sensex opened low at 366 points to 29,701.92 it immediately surged.

During the day it climbed nearly 1160 points to 31,227.97. And from noon its downward journey started and tumbled down 465 points to 29,602.94. And finally closed negative at 29,893.96, down by 173.25 pts from its last close. On Tuesday the Sensex registered massive gain of 2476 points, failed to maintain this positive trend as death toll of COVID-19 was continued to rise and hint was given by the government that lockdown may be extended too dented the sentiments of the investors.

The sectoral indices that dragged the Market were realty, technology, consumer durable, bankex and energy. However, the support got from health care, utilities, auto and capital goods. In scrips, TCS was the major loser down by 3.91 per cent to Rs 1705.60 followed by Titan, ICICI Bank, SBI and Bharti Airtel. The mid cap rose by 1.90 pc to 10,976 level and the small cap by 1.86 per cent to 9,980.

In the forex market rupee also tumbled down 74 paise to 76.37 against the greenback. World stocks turned negative as pan European STOXX 600 index dipped 0.7 per cent. Germany's DAX shed 0.8 per cent. More (UNI)