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Sensex ends 151 points lower, Nifty below 10,900
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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.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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