Sensex falls 91 pts to 1-mth low as ITC, Reliance Industries, ICICI Bank shares hit
Hong Kong's Hang Seng fell 2.32 per cent, Japan's Nikkei dropped 1.93 per cent while Taiwan's weighted index and Korea's KOSPI lost around 1 per cent each. Yesterday, US stocks pulled back from five-year high, falling sharply on uncertainty over Europe. The Dow Jones Industrial Average and the Nasdaq Composite index plunged by 0.93 per cent and 1.51 per cent respectively.
European markets, however, were trading higher with gains of up to 0.47 per cent today.
Back home, major losers from the Sensex pack were BHEL (3.19 pc), Bharti Airtel (1.93 pc), Sterlite Ind (1.73 pc), Tata Motors (1.64 pc), ITC (1.58 pc), Tata Power (1.50 pc), Hero MotoCorp (1.42 pc), ICICI Bank (1.23 pc), Jindal Steel (1.22 pc), RIL (1.13 pc) and Dr Reddy's (1.07 pc).
However, Sun Pharma rose by 4.06 per cent, followed by Gail India (1.64 pc), Bajaj Auto (1.49 pc) and Cipla (1.18 pc).
Commenting on Nifty, Shubham Agarwal, Associate VP & Senior Technical Equities Analyst, Motilal Oswal Securities said: "Over the near term, support for the Nifty should emerge at the level of 5940 followed by 5825. Any advances could see resistance emerging at the zone of 6050-6070."
Among the sectoral indices, the BSE-CD fell by 1.57 per cent, followed by BSE-FMCG (1.03 pc), BSE-Power (0.75 pc), BSE-Metal (0.74 pc), BSE-Oil&Gas (0.65 pc) and BSE-Bankex (0.61 pc). BSE-HC was the lone gainer as it moved up by 0.86 per cent.
The market breadth continued to remain negative
Be the first to comment.