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Business Economy


Sensex down by 187.96 pts

Sensex down by 187.96 pts

Mumbai, Mar 27 (UNI) The benchmark index of Bombay Stock exchange (BSE) ended weak today by 187.96 points to settle at 29,233.44, snapping a positive trend of last two sessions on profit booking by local operators at higher level. The Nifty of National Stock Exchange (NSE) declined by 62.80 points to 9,045.20. The day opened on a weak note, easing by 26 pts to 29,395.68. It tumbled down by 258 pts to 29,163.54, days low before closing at 29,233.44, sliding by 187.96 pts from its previous close. Sectoral indices that dropped were Metal, Energy, IT and Technology. In scrips, Tata Steel, Reliance Industries, Asian Paints, Coal India and Wipro fell however, buying in SBIn, Powergrid, HDFC and Dr Reddy's Lab capped from further loss, broker said. The broader market outperformed with the S&P BSE Midcap down 0.3 pc while the S&P BSE Smallcap was little changed. The market breadth was in the negative as 1158 shares advanced against a decline of 1630 shares. About 231 shares were unchanged. Meanwhile, the rupee hit a nearly 1-1/2 year high against the dollar today tracking gains in Asian currencies after US President Donald Trump's failure to pass a healthcare reform bill raised concerns about the chances of a US fiscal stimulus. There will be no trading tomorrow on account of 'Gudhi Padva',festival, traders informed. More UNI NV NP1654

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