Business

Sensex Prolongs Fall, Slips 233 Points; Nifty Barely Holds 17,150


Sensex and Nifty extended their fall to a third consecutive session today.

New Delhi:

The benchmark Indian equity index ended the week at a lower price today, dragged down by consumer durable goods and information technology stocks. The domestic index extended its fall to a third consecutive session on Friday as investors weighed in on fluctuations in crude oil rates and the ongoing Russia-Ukraine conflict, which has entered its second month.

30 shares of the BSE Sensex were down 233 points or 0.41 percent to close at 57,362, while the broader NSE Nifty moved 70 points or 0.40 percent lower to close at 17,153.

However, intermediate and small stocks closed at weak levels as the Nifty Midcap 100 index edged 0.12 per cent lower and small stocks rose 0.49 per cent.

10 out of 15 sector gauges – compiled by the National Stock Exchange – end in red. Nifty Consumer Durables and Nifty IT performed lower in the index with down 1.96 percent and 1 percent, respectively.

In terms of specific stocks, Titan was Nifty’s biggest loser as the stock cracked 3.38 per cent to Rs 2,530.

Tech Mahindra, Maruti Suzuki India, Indian Oil Corp and Eicher Motors are also among those left behind.

The overall market share remained negative as 1,348 stocks rose while 2,053 declined on the BSE.

On the BSE 30 -stock index, Titan, TechM, Maruti, Nestle India, L&T and TCS were among the biggest losers.

Also, shares of One 97 Communication – Paytm’s holding company – fell by 5.11 per cent to Rs 545.

On the other hand, SBI, Dr Reddy’s, Kotak Mahindra Bank, Reliance Industries, Asian Paints, Bharti Airtel, IndusInd Bank and Axis Bank settled in the green.

Agrasmartcity

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