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Sensex ends below 34K-level at 33,847.23 pts on sell-off in IT,

Sensex ends below 34K-level at 33,847.23 pts on sell-off in IT,

Mumbai, Oct 23 (UNI) The BSE Sensex slipped for the fourth straight

session on Tuesday by 287.15 points to end below the 34K-level at

33,847.23, a six-and-a-half-month low, on sustained sell-off in IT

and pharma stocks amid weak rupee and negative cues from Asian peers.

The Nifty of National Stock Exchange (NSE) also fell by 98.45

points to 10,146.80.

The Sensex edged higher by 199 points to 33,935.88 in the morning

session. It then crashed by 392 points to touch day's low of

33,742.75 in intra-day, before closing at 33,847.23, sinking by

287.15 points as compared to its previous close.

The losses in sectoral indices like Health Care, IT, Technology,

Auto, Capital Goods and FMCG put pressure on the market for another

day, along with scrips of Asian Paints, Sun Pharma, Wipro, TCS and

Infosys.

Moreover, weak global stocks dampened sentiment on the domestic

bourses. The fall of rupee against the US dollar and steady capital

outflows also impacted the market sentiment.

However, gains in IndusBank, Tata Motors DVR, HDFC and Yes Bank

capped its further decline, brokers informed.

The broader markets ended lower, as the S&P BSE Mid-Cap index fell

0.89 per cent and Small-Cap lost 1.21 pc, respectively.

The market breadth was weaker on BSE, as 819 shares advanced against

1,771 declined and 135 were unchanged.

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