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Business Economy


Sensex ends at 2-wk-low of 36,153.62 pts in subdued trade ahead of release of key domestic macro-economic data

Sensex ends at 2-wk-low of 36,153.62 pts in subdued trade ahead of release of key domestic macro-economic data

Mumbai, Feb 12 (UNI) Extending losses for the fifth straight

session on Tuesday, the BSE Sensex sank by 241.41 points in a

volatile trade to end at a two-week-low of 36,153.62, as investors

offloaded stocks in Realty, Capital Goods, Auto, Finance and IT

counters ahead of the release of key domestic macro-economic data

despite positive cues from Asian and European peers.

The Nifty of National Stock Exchange (NSE) too declined by 57.40

points to 10,831.40.

In a highly volatile session, the Sensex went up by 10 points to

36,405.72 in the morning trade and added further gains of 70 points

to hit day's high of 36,465.40 during the day. It however erased

intra-day gains and nosedived by 282 points to hit day's low of

36,113.91 in late trade before closing in red at 36,153.62, sliding

by 241.41 points as against its last close.

The Nifty registered day's high and low at 10,910.90 and 10,823.80

points, respectively.

The market sentiment was cautious ahead of release of key domestic

macro-economic data.

The losses in sectoral indics like Telecom, IT, Finance, Bankex,

Realty and Auto dragged the market down for the fourth day today,

along with scrips of HeroMoto Corp, HDFC, SBI, Tata Motos DVR and

Infosys.

While, buying in Sun Pharma, Coal India, Tata Steel and NTPC capped

the market's further losses, brokers informed.

The broader markets ended in red, as the S&P BSE Mid-Cap index and

Small-Cap fell 0.06 per cent and 0.43 pc, respectively.

The market breadth was negative on BSE, as 1,055 shares advanced

compared to 1,476 fell and 140 were unchanged.

On the macro front, data of Consumer Price Index (CPI) for January

and Index of Industrial Production (IIP) for December 2018 is slated

to be released after market hours on Tuesday.



India's industrial production growth slowed down sharply to 0.5 pc

year-on-year in November 2018 from an upwardly revised 11-month-high

of 8.4 pc in the previous month.

Overseas, stocks in Europe were trading higher Tuesday as investors

monitored trade and political developments.

The United Kingdom, meanwhile, is bracing to exit the European Union

on March 29 with or without a trade agreement in hand, as Prime

Minister Theresa May is slated to update lawmakers on the latest

Brexit developments.

Most Asian stocks rose with investors looking to a new round of Sino

-US trade talks as the world's two largest economies try to resolve

the row over tariff that has put a dent on global growth and

corporate earnings.

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