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Sensex tanks 304 pts on last day of 2019; Nifty drops below 12,200

Source: PTI
December 31, 2019 16:29 IST

Tech Mahindra was the top loser in the Sensex pack, shedding 2.51 per cent, followed by Bajaj Auto, RIL, Hero MotoCorp, IndusInd Bank, Mahindra and Mahindra, HDFC and TCS.

Market benchmark Sensex slumped 304 points on the last trading session of 2019, dragged by losses in index-heavyweights Reliance Industries, HDFC twins, ICICI Bank and TCS.

After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74.

 

The broader NSE Nifty closed 87.40 points, or 0.71 per cent, down at 12,168.45.

Tech Mahindra was the top loser in the Sensex pack, shedding 2.51 per cent, followed by Bajaj Auto, RIL, Hero MotoCorp, IndusInd Bank, Mahindra and Mahindra, HDFC and TCS.

On the other hand, NTPC, Sun Pharma, ONGC, PowerGrid and UltraTech Cement were among the gainers.

Analysts attributed weakness in the market to stock-specific selling and absence of any major trigger point in the market.

Photograph: Danish Siddiqui/Reuters

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