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Business Economy


Heavy selling pulls Sensex down by 123.93 pts

Heavy selling pulls Sensex down by 123.93 pts

Mumbai, Jun 29 (UNI) The benchmark idex of Bombay Stock Exchange(BSE) fell for the third straight session today by 123.93 points to end negative at 30,834.32 due to heavy selling in selectstocks such as Energy, FMCG and Capital Goods. The Nifty of National Stock Exchange (NSE) also declined by 20.15 points to 9,491.25. The Sensex failed to hold the psychological 31,000-level which it briefly surpassed in early trade. The Sensex went up by 30 points to 30,988.17 in early trade and then added 42 points to hit a day's high of 31,000.48. Later, slipped in red as vital stocks like Consumer Discretionary Goods & Services, Energy, FMCG and Oil & Gas slipped. Scrips of Reliance Industries, Asian Paints, HDFC and ONGC too dragged the market down. Selling in Tata Steel, Bharti Airtel, Wipro and Powergrid failed to keep the market up, brokers said. Market sentiment was lacklustre amid weakness in global stocks as policy uncertainty heightened in United States with the Republicans in Senate forced to delay vote on a crucial healthcare bill due to lack of support. The S&P BSE Mid-Cap index rose by 0.23 per cent. The BSE Small-Cap index advanced by 0.13 pc. Both these indices outperformed the Sensex. The market breadth was negative on the BSE, as 1,278 shares declined while 1,229 others rose and 153 were unchanged. The total turnover on BSE amounted to Rs 3,906.04 crore, compared with a turnover of Rs 3,601.66 crore registered during the previous trading session. UNI NV SS SM1805

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