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Sensex, Nifty falter on dismal macro data; both end in red

Source: PTI  -  Edited By: Nandita Malik
February 13, 2020 16:35 IST
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On the Sensex chart, IndusInd Bank, Tata Steel, ONGC, ICICI Bank and Kotak Bank were among the top losers.

Stocks

Illustration: Uttam Ghosh/Rediff.com

Equity benchmarks Sensex and Nifty retreated on Thursday as disappointing macroeconomic data and a sharp rise in the number of new coronavirus cases dampened investor sentiment.

The BSE gauge Sensex fell 106.11 points or 0.26 per cent to settle at 41,459.79.

 

The index swung between a high of 41,709.30 and a low of 41,338.31 during the day.

Likewise, the NSE benchmark Nifty dropped 26.55 points or 0.22 per cent to close at 12,174.65.

On the Sensex chart, IndusInd Bank, Tata Steel, ONGC, ICICI Bank and Kotak Bank were among the top losers.

SBI, Titan, Infosys, Sun Pharma and Tech Mahindra emerged as the major gainers.

Of the 30 Sensex constituents, 16 closed in the red while 14 finished with gains.

Sectorally, BSE bank, finance and utilities indices were among the major laggards, while consumer durables, IT and teck rose the most.

In the broader market, both BSE smallcap and midcap indices outperformed the benchmark.

Hurting market sentiment, government data on Wednesday showed that industrial output contracted by 0.3 per cent in December while retail inflation jumped to a 68-month high of 7.59 per cent in January on high food prices.

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Source: PTI  -  Edited By: Nandita Malik© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
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