BSE Sensex closes near Dec-low, Bharti Airtel shares jump, HUL slips
closing also weighed on the domestic market sentiment while firm European opening provided some support.
For the week, Sensex closed 1 per cent down.
Chinese shares ended down by 0.51 per cent, amid concerns that strength in the Chinese property market and other factors may lead Beijing to tighten policy.
Other key benchmark indices in Hong Kong and Taiwan settled with losses while those from Japan, Singapore and South Korea ended with gains.
However, European markets resumed higher as investors moved back into risk assets on the back of yesterday's heavy sell-off. The CAC was up by 1.10 per cent, the DAX by 0.48 per cent and the FTSE by 0.67 per cent.
Turning to the local market, 15 out of the Sensex scrips declined while 14 gained. Tata Power ruled steady.
Major losers from Sensex pack were HUL that dropped by 2.60 per cent, followed by Coal India (2.31 pc), Maruti Suzuki (2.09 pc), HDFC (1.84 pc), Tata Motors (1.60 pc) and ITC (1.50 pc).
However, Bharti Airtel rose by 4.64 per cent, followed by Wipro (2.43 pc), Sun Pharma (1.96 pc), ICICI Bank (1.22 pc), Infosys (1.06 pc) and M&M (0.95 pc).
Among the sectoral indices, the BSE-FMCG fell by 1.41 per cent, followed by BSE-Auto (0.55 pc) and BSE-Metal (0.53 pc) while the BSE-Realty firmed up by 1.35 per cent, BSE-Teck by 1.33 per cent and BSE-IT by 0.83 per cent.
The market breadth continued to show negative trend as 1,071 scrips ended with losses while 1,037 scrips finished with losses and 886 closed unchanged.
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