Mkt keeps a low pro­file; Sen­sex loses 92 points

The Hitavada - - BUSINESS -

THE mar­ket topped the key 33,000-level mul­ti­ple times on Tues­day, but closed be­low that thresh­old after ris­ing in­fla­tion num­bers squeezed the head­room for an in­ter­est rate cut at RBI’s pol­icy re­view next month.

Not sure which way to move, the Sen­sex changed its course many a time dur­ing the day, be­fore it set­tled at 32,941.87 -- a three-week low, down 91.69 points, or 0.28 per cent. The in­dex had a fall of 281 points yes­ter­day.

The broader 50-share NSE Nifty met with the same fate, drop­ping 38.35 points, or 0.38 per cent, to close at 10,186.60 after shut­ting be­tween 10,248 and 10,175.55.

L&T bled the most, fall­ing 2.46 per cent, fol­lowed by Pow­erGrid, Asian Paints, TCS and ONGC.

Hero Mo­toCorp, Axis Bank, Ba­jaj Auto and M&M coun­ters, how­ever, saw buy­ing ac­tiv­ity.

The loss in BSE cap­i­tal goods was max­i­mum at 1.41 per cent, fol­lowed by tele­com, in­fra­struc­ture and PSU. Share sale by For­eign Port­fo­lio In­vestors (FPIs) was worth a net Rs 233.58 crore yes­ter­day, a pro­vi­sional data showed. Do­mes­tic In­sti­tu­tional In­vestors (DIIs) also let go of shares net Rs 268.77 crore.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.