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Indian Market: Sensex falls 208.43 pts; 2-week-low

Indian Market: Sensex falls 208.43 pts; 2-week-low

India Blooms News Service | @indiablooms | 22 Jan 2020, 11:19 am

Mumbai/UNI: Extending losses for the third straight session, the BSE Sensex dropped by 208.43 points to 41,115.38, a two-week-low amid volatility in the global markets.

Mixed December quarter results also dampened the sentiments of the investors.

The National Stock Exchange (NSE) too slipped by 62.95 points to 12,106.90. The Nifty registered days high and low at 12,225.05 and 12,087.90 points respectively.
Market remained volatile today, as the Sensex opened strong at 41,467.13, up by 144 points. It surged by 209 points to 41,532.29, day high.

Later, it went in red and fell nearly 264 points to 41,059.04, day low before closing at 41,115.38, sliding by 208.43 points from its previous close.

The sectoral indices like Utilities, Metal, Oil and Gas, Power, Bankex, Auto and Industrials kept the market low today. In scrips, the major loser was ONGC, slid by 5.13 pts followed by NTPC, Kotak Bank, Maruti Suzuki and HDFC too fell by more than one per cent.

In the wider market, the S&P BSE Mid-Cap index fell 0.32 pc while the S&P BSE Small-Cap index lost 0.13 per cent.

The market breadth favored the sellers. On the BSE, 1079 shares rose and 1423 shares fell. A total of 176 shares were unchanged. In Nifty 50 index, 16 stocks advanced while 34 stocks declined.

European markets were trading mostly higher while Asian markets ended mostly in the green on Wednesday.