Sensex down 259.58 pts

Mumbai, Jan 20 (UNI) The BSE Sensex dropped 259.58 pts to settle at 71,423.65 in a special trading session on Saturday.

The equity market was in red as selling pressure was witnessed in FMCG, Consumer Durable and Consumer Goods stocks.

The National Stock Exchange (NSE) declined 50.60 pts at 21,571.80.

The NSE registered days high and low at 21,720.30 and 21,541.80 pts respectively.

A see saw trend was seen during the day, as the Sensex opened higher at 72,008.30, surging 325 pts. It was rallied 343 pts at 72,026.26, days high. Later, it was slipped 371 pts at 71,312, days low, before closing at 71,424.65, sliding 259.58 pts from its previous close.

The stocks that dragged the market were FMCG by 1.13 pc followed by Consumer Durable by 0.68 pc, Capital Goods by 0.19 pc and IT by 0.94 pc.

The Mid Cap moved up 0.46 pc and Small Cap by 0.41 pc.

In 30 scrips, 6 advanced while 24 declined.

The losers were Hind Unilever by 3.72 pc to Rs 2469.30, TCS by 2.07 pc to Rs 3160.60, M& M by 1.92 pc to Rs 1623.80, IndusInd Bank by 1.72 pc to Rs 1534.05 and HCL Technology by 1.55 pc to Rs 1543.60.

The gainers were Kotak Bank by 2.30 pc to Rs 1806.45, ICICI Bank by 0.92 pc to Rs 1008.30, Powergrid by 0.76 pc to Rs 237.25 and SBI by 0.61 pc to Rs 631.50.

There will be no trading on BSE and NSE on Monday on the occasion of Ram Temple consecration ceremony in Ayodhya, traders informed.

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