Samvat 2068: BSE Sensex gains 8.2% since last Diwali
The Sensex, which had lost 219 points in the past two days, resumed a tad higher but moved in a narrow range of over 140 points before concluding 13.34 points lower at 18,670.34 — extending the string of losses to three straight days. Last year, the Sensex shrugged off the Reserve Bank of India’s hike in lending rates and shot up 316 points to 17,254.86.
Dealers said investors were seen adjusting their portfolios ahead of a special ‘Muhurat’ trading on Diwali tomorrow, followed by a holiday on Wednesday. The broad-based National Stock Exchange index Nifty eased by 2.55 points, or 0.04 per cent to close at 5,683.70. Consumer durables, banking and realty shares attracted buying while metal and capital goods stocks ended lower.
The sentiment remained bearish on the last day of Samvat 2068 on an unexpected 0.4 per cent contraction in September industrial output, marginally high consumer price index at 9.75 per cent and trade deficit widening to an all-time high of $20.96 billion as October exports fell to $23.2 billion.
A mixed trend in Asian region and lower opening in Europe on earning concerns further soured the market sentiment.
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