Indian Market: Sensex slides 202.05 pts
Mumbai/UNI: The BSE sensex on Friday, the last session of the week, slid by 202.05 points to settle at 41,257.74 on heavy selling in Power, Realty, Finance and Auto stocks.
The National Stock Exchange (NSE) too eased by 61.20 points to 12,113.45.
The Nifty registered days high and low at 12,246.70 and 12,091.20 points respectively.
High fluctuation was seen during the day.
The day opened on a positive note at 41,510.19, rising by 51 points, spurted by 243 points to 41,702.36 day high. Later, it fell nearly 276 points to 41,183.13 day low.
In late trade it improved from day low figure and ended negative at 41,257.74, sliding by 202.05 points from its last close.
Trading was volatile, after the Supreme Court on Friday initiated contempt proceedings against telecom companies for non-payment of Adjusted Gross Revenue (AGR) dues and directed that all directors of the companies be present at the next hearing. The matte The matter will be heard next on March 17.
The sectoral indices like FMCG, Finance, Auto, Bankex, Power and Realty kept the market weak for another day today.
In scrips, IndusInd Bank, Powergrid, SBI, HeroMoto Corp and NTPC declined while buying in Bharti Airtel, ICICI Bank, Reliance Industries and Tech Mahindra capped from further gain, broker informed.
The S&P BSE Sensex, fell 205.05 points or 0.49 per cent at 41,254.74, as per the provisional closing data. The Nifty 50 index lost 61.20 points or 0.50per cent at 12,113.45.
The market breadth was weak. On the BSE, 926 shares rose and 1548 shares fell. A total of 169 shares were unchanged. In Nifty 50 index, 15 stocks advanced while 35 stocks declined.
Global shares were mixed as investors monitored China's coronavirus epidemic and updates on how badly it could dent growth in the world's second-largest economy.
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