Friday, 16 November, 2018


Sensex Falls Over 100 Points, Nifty Struggles Around 10350

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange building in Mumbai A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange building in Mumbai
Kristine Garrett | 28 November, 2017, 02:36

Shares in energy, IT and banking were down around 0.3-0.4 per cent in the morning, leading the losses in the indices.

Benchmark indices Sensex and Nifty opened on a weak note on Monday after global rating agency Standard & Poor's, dashed investor hopes by reaffirming its sovereign rating on India constant at BBB-, while suggesting that outlook for India remains stable.

Negative Asian cues too weighed on sentiment in the domestic equity markets.

The S&P BSE Sensex added 0.13 percent at 33,724 while the broader NSE Nifty edged up 0.09 percent to 10,399.

Among BSE sectoral indices, metal index fell the most by 0.65 per cent, followed by oil & gas 0.5 per cent, IT 0.44 per cent and FMCG 0.38 per cent. Japan's Nikkei pared earlier gains and fell 0.3 per cent.

Sun Pharmaceutical Industries fell over 1 percent after recalling 2 lots of diabetes drug Riomet in the US due to microbial contamination.

Back in the domestic markets, some buying witnessed in consumer durables, capital goods and realty shares - up around 0.5-0.7 per cent - curbed the downside.

Among the top Sensex gainers, State Bank of India rose 0.9 percent, Axis Bank added 2.7 percent, NTPC advanced 3.1 percent while ONGC was up 1.4 percent.

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