Stock market ends lower on fourth consecutive session

New Delhi, Jan 9 (UNI) The India stock markets today ended lower for the fourth consecutive session today, with the BSE Sensex plummeting by 604.72 points or 0.72 per cent to 83,576.24 and the NSE Nifty sliding by 193.55 points or 0.75 pc to 25,683.30.

Notably, the market sentiment remained weaker amid global headwinds. The Venezuela–US standoff, concerns over Russian oil imports and continued FII outflows remained key focus areas.

In the last week, the benchmark indices corrected sharply, as the Nifty ended 2.37 pc lower while the Sensex was down by 2,185 points.

The BSE Midcap index dropped 0.90 pc while the Smallcap index plunged 1.74 pc.

The overall market capitalisation of BSE-listed firms dropped to below Rs 468 lakh crore from over Rs 481 lakh crore.

Indian rupee ended lower by 14 paise to 90.16 per US dollar against previous close of 90.02.

Among the sectors, almost all the all indices ended with losses except Nifty Oil & Gas which was up by 0.40 pc, followed by IT by 0.28 pc and PSU Bank by 0.18 pc.

Nifty Realty fell 2.26 pc, which was followed by Auto, Consumer Durables and FMCG falling over 1 pc. Nifty Financial Services also fell over 1 pc, while the Nifty Bank index dropped 0.73 pc.

On Nifty, the top gainers were Asian Paints (up by 1.88 pc), ONGC (by 1.16 pc) and HCL Tech (by 0.94 pc). Those ended in the red were Adani Enterprises (down by 2.59 pc), NTPC (2.29 pc), and Adani Ports (2.10 pc).

Out of 4,346 stocks traded on the BSE, 1,065 advanced, while 3,105 declined. Some 176 stocks remained unchanged.

Nearly 73 stocks hit their 52-week highs while as many as 326 stocks hit their 52-week lows on the BSE.

The key scrips on the highs included Eicher Motors, Indus Towers and MTAR Technologies, while on the lows were ITC, UBL, Page Industries and IRCTC.

Among some of the key performances, Bharat Heavy Electricals (BHEL) hit 10 pc lower circuit limit on reports of India’s plans to scrap curbs on Chinese firms bidding for government contracts.

 

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