Rediff.com  » Business » Sensex ends 205 points lower; Nifty slips below 12,200

Sensex ends 205 points lower; Nifty slips below 12,200

Source: PTI  -  Edited By: Nandita Mallik
January 21, 2020 16:07 IST

Tata Steel was the top loser in the Sensex pack, shedding 3.01 per cent, followed by M&M, Maruti, Asian Paints, PowerGrid, ITC and Axis Bank.

Stocks

Illustration: Dominic Xavier/Rediff.com

Market benchmark Sensex dropped 205 points on Tuesday, led by losses in auto, banking, metal and FMCG stocks amid a sharp fall in other Asian markets on concerns over a deadly virus in China.

After trading on a volatile note, the 30-share BSE index settled 205.10 points, or 0.49 per cent, lower at 41,323.81.

 

Likewise, the broader NSE Nifty fell 54.70 points, or 0.45 per cent, to 12,169.85.

Tata Steel was the top loser in the Sensex pack, shedding 3.01 per cent, followed by M&M, Maruti, Asian Paints, PowerGrid, ITC and Axis Bank.

On the other hand, Ultratech Cement, HDFC, Kotak Bank, ONGC and TCS ended with gains.

According to traders, domestic investors turned wary amid subdued quarterly results by key index constituents and negative cues from global markets.

Further, market sentiment was hit after the IMF on Monday lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with sharp losses.

Brent crude oil futures fell 1.21 per cent to $64.41 per barrel.

Source: PTI  -  Edited By: Nandita Mallik© 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.
SHARE THIS STORY