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Sensex dips 329.26 points to close at 26,230.66; Nifty tanks 106.10 points

Currently reading: Sensex dips 329.26 points to close at 26,230.66; Nifty tanks 106.10 points
India TV Business Desk, Mumbai [Published on:02 Dec 2016, 17:07:14]

Key benchmark indices continued to trade weak, as Sensex shed 329.26 points by the end of the day to close at 26,230.66 after a gap-down opening triggered by negative Asian stocks.

The 30-share Sensex opened lower at 26,437.37 and hovered in a range of 26,445.52 and 26,299.15 before quoting 26,336.56 at 1100 hours, registering a fall of 329.26 points by the time market closed.

The NSE 50-share Nifty was also trading down by 106.10 points to end at 8,086.80 points.

Sell-offs were seen mainly in FMCG, Finance, Realty, Consumer Durable, Oil & Gas, Capital Goods and IT sectors.

Major losers were HDFC (2.32 per cent), Dr Reddy (2.14 per cent), ITC (1.65 per cent), HDFC Bank (1.50 per cent), HUL (1.45 per cent), TCS (1.41 per cent), Adaniports (1.38 per cent), L&T (1.35 per cent), Asianpaint (1.34 per cent), Infosys (1.16 per cent), M&M (1.07 per cent) and Maruti (1 per cent).

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 402.62 crore yesterday, as per provisional data released by the stock exchanges.

Asian markets fell on global uncertainties as investors adopted a wait-and-watch mood. Later today the US Labor Department will release its closely watched monthly employment report for November.

A sharp decline in technology stocks pulled both the Nasdaq and the S&P 500 indexes into the red yesterday, while the Dow managed to notch a record closing high with a lift from bank and energy shares.

Sensex dips 329.26 points to close at 26,230.66.- India Tv
Sensex dips 329.26 points to close at 26,230.66.