Mumbai, Extending the losing streak for the sixth straight day on Wednesday, the BSE Sensex fell by 139.61 points to end the volatile session on a negative note at 38,018.31, a 3-week-low, due to sliding rupee, surging bond yields and oil prices dampened investors sentiment amid negative global cues.
The Nifty of National Stock Exchange (NSE) too shed by 43.35 points to 11,476.95.Global stocks dropped as heightened worries over international trade conflict curbed investor appetite for riskier assets.
In a highly volatile trade, the Sensex went up by 35 points to 38,192.95 in the morning trade. It then advanced by 93 points to touch the day’s high of 38,250.61 in intra day.
Later, it nosedived by nearly 383 points to sink below 38K-level at 37,774.42 points, day’s low, however recovered in last hour to close in red at 38,018.31, down by 139.61 points as compared to its last close.
The Nifty recorded day’s high and low at 11,542.65 and 11,393.85 points, respectively.The sectoral indices that tumbled were Consumer Discretionary Goods & Services, FMCG, Realty, Capital Goods and Technology, along with
scrips of HUL, Kotak Bank, Bharti Airtel and Reliance Industries.
The S&P BSE Mid-Cap index and Small-Cap fell by 0.61 per cent and 0.52 pc, respectively. Both these indices underperformed the Sensex.The market breadth was weak on the BSE, as 1,061 shares advanced against 1,696 declined and 173 were unchanged.
Asian stocks ended lower amid continued pressure in many emerging markets and as trade tensions persisted.US stocks fell yesterday with all major indices finishing lower, as investors looked ahead to a busy week of trade negotiations and economic data.