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Sensex ends 71 pts lower; FMCG, energy stocks crack

December 16, 2019 16:57 IST

ITC was the top loser in the Sensex pack, shedding 1.97 per cent, followed by Tata Steel 1.80 per cent, HUL 1.57 per cent, Vedanta 1.44 per cent, Bharti Airtel 1.37 per cent and M&M 1.35 per cent.

Market benchmark Sensex ended 71 points lower at 40,938.72 on Monday, dragged by losses in energy, FMCG and auto stocks amid weak macroeconomic numbers.

The 30-share BSE barometer had opened higher and hit a lifetime high of 41,185.03 points in the opening session.

 

Losses in FMCG, auto, energy and select banking stocks eroded the gains later with Sensex settling 70.99 points or 0.17 per cent down at 40,938.72.

The broader NSE Nifty finished 32.75 points or 0.27 per cent lower at 12,053.95 as 37 of its components declined.

ITC was the top loser in the Sensex pack, shedding 1.97 per cent, followed by Tata Steel 1.80 per cent, HUL 1.57 per cent, Vedanta 1.44 per cent, Bharti Airtel 1.37 per cent and M&M 1.35 per cent.

On the other hand, TCS rallied 2.70 per cent, Tech Mahindra 1.60 per cent, HCL Tech 1.57 per cent, HDFC 0.83 per cent and Kotak Bank 0.73 per cent.

According to traders, an agreement between the US and China over trade tariffs enthused global investors earlier in the day, but release of weak macro numbers dampened the market sentiment.

Wholesale price-based inflation rose to 0.58 per cent in November, as against 0.16 per cent in October due to increase in prices of food articles.

Photograph: Danish Siddiqui/Reuters

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