BSE Sensex fall on the back of basket selling

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SummaryBSE Sensex was down 95.14 points at 20,165.89 pts, while NSE’s Nifty was down 27.65 points at 5,994.75 pts.

Benchmark indices fell on Thursday with overseas investors looking to exit from emerging markets. BSE Sensex was down 95.14 points or 0.47% at 20,165.89 points, while NSE Nifty was down 27.65 points or 0.46% at 5,994.75 points.

“Globally, foreign institutional investors (FIIs) have been selling. Today, markets are down on account of basket-selling,” said Vinay Khattar, head (research), Edelweiss.

Among the Sensex stocks , * Bharat Heavy Electricals (-3.02%) was the biggest loser. The power equipment maker on Wednesday reported 41% y-o-y decline in its net profit to Rs 695 crore. * Tata Consultancy Services (-1.65%), ICICI Bank (-1.49%) and Larsen & Toubro Ltd (-1.14%) were among other losers. Among sectoral indices, BSE Realty (-1.5%), BSE Capital Goods (-1.14%) and BSE Bankex (-0.66%) were the major losers.

Meanwhile, most Asian indices were trading in the green. Nikkei (0.45%), Hang Seng (0.20%), Kospi (0.88%) and Jakarta Composite (0.46%) were the major gainers.

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