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Indian stock markets record losses owing to heavy selling pressure

The Sensex And Nifty Marginally Ended Lower Due To Selling Pressure In Capital Goods, Infrastructure, Oil & Gas And Metal Stocks Amid Firm Global Cues.

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 27 Sep 2016, 04:32:39 PM
Bombay Stock Exchange  -File Photo (Getty)

NEW DELHI:

The Sensex and Nifty marginally ended lower due to selling pressure in capital goods, infrastructure, oil & gas and metal stocks amid firm global cues.

The 30-share BSE index Sensex ended lower 70.58 points or 0.25 per cent at 28,223.70 and the 50-share NSE index Nifty closed down 16.65 points or 0.19 per cent at 8,706.40.

The market sentiments in the recent trading sessions have been largely drawn by the potential outcome of the upcoming US election battle.

Among BSE sectoral indices, IT index gained the most by 0.7 per cent, healthcare 0.59 per cent, TECk 0.36 per cent and consumer durables 0.27 per cent. On the other hand, capital goods index was down 1.12 per cent, oil & gas 0.72 per cent, metal 0.68 per cent and infrastructure 0.64 per cent.

Top five Sensex gainers were TCS (+1.42%), Lupin (+1.34%), Wipro (+0.99%), Asian Paints (+0.9%) and Sun Pharma (+0.7%), while the major losers were Bharti Airtel (-2.14%), Adani Ports (-2.05%), L&T (-1.61%), GAIL (-1.07%) and ONGC (-1.00%).

The world markets witnessed a positive momentum and the Mexican peso rose more than two percent on Tuesday, as investors awarded the first US presidential debate to Democrat Hillary Clinton over Republican Donald Trump.In a sign that investors saw Clinton as the winner, Asian shares recouped early losses, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.60 per cent.

“With the way in which the first round of debate took place and the way Hillary Clinton has taken the lead, it appears that America wants to have a progressive government in the form of Clinton, and I think the market has reacted to it,” said Deven Choksey, managing director at KR Choksey Securities. 

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First Published : 27 Sep 2016, 04:20:00 PM

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