SME Times is powered by   
Search News
Just in:   • Trump arrives in Japan with N. Korea, Iran on agenda  • Industry seeks amendment of FTP, customs law for exporters  • RBI to inject Rs 15k cr to push durable liquidity  • Exporters congratulate PM Modi  • Cabinet approves dissolution of the 16th Lok Sabha 
Last updated: 11 Feb, 2019  

BSE.9.Thmb.jpg Sensex ends 151 points lower, Nifty below 10,900

   Top Stories
» Industry seeks amendment of FTP, customs law for exporters
» RBI to inject Rs 15k cr to push durable liquidity
» Exporters congratulate PM Modi
» Cabinet approves dissolution of the 16th Lok Sabha
» RBI may cut rate by 150-200 bps in FY20
SME Times News Bureau | 11 Feb, 2019
Profit booking along with caution ahead of release of key macro-data and subdued quarterly earnings pulled the two key Indian equity indices lower on Monday.

Accordingly, the S&P BSE Sensex fell 150 points, while the Nifty ended below the 10,900-point mark.

Barring the IT and Teck stocks, all other sectors ended lower. On the NSE, PSU Bank Nifty closed 1.74 per cent down. The pharma sector also witnessed heavy selling pressure.

Selling pressure continued in the market despite a rebound in global markets as investors turned risk-averse due to upcoming elections, said Vinod Nair, Head of Research, Geojit Financial Services.

Besides, third quarterly results have failed to enthuse investors as the "scope of downgrade in earnings further dampened the sentiment", he added.

The BSE Sensex closed 151.45 points or 0.41 per cent lower at 36,395.03 from its previous close of 36,546.48 points, while the Nifty closed 54.80 points down at 10,888.80.

"Global trade deal and risk of slowdown in growth continue to give caution, while investors remain focused on tomorrow's (Tuesday) CPI inflation and IIP data to get some direction," Nair said.

According to Kotak Securities Head of Fundamental Research Rusmik Oza: "Broader participation is not happening. Also, we are witnessing some profit booking post the Interim Budget and RBI rate cut."

"In the run-up to the general elections, investors are looking at sectors which are less susceptible to domestic factors. Therefore, the export-oriented IT stocks are gaining."

Provisional data from the BSE showed that FIIs bought stocks worth Rs 125.05 crore and DIIs offloaded stocks worth Rs 232.55 crore.

On the other hand, rupee gained 14 paise to settle at Rs 71.17 per US dollar from its previous close of 71.31.

Tata Steel emerged the top gainer, up 2.31 per cent on Sensex, followed by Power Grid, HCL Tech, Maruti Suzuki and Tata Motors, which gained up to 1.50 per cent.

Among losers in the Sensex pack, Mahindra and Mahindra shed over 5 per cent, followed by ONGC, Bajaj Finance, Reliance Industries and State Bank of India.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 26 May, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» The Silk Road - A journey through history(1)
» Kokuyo Camlin to focus on notebook segment(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter