Sensex down 19 pts on weak global cues, inflation worries | business | Hindustan Times
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Sensex down 19 pts on weak global cues, inflation worries

business Updated: Dec 17, 2009 17:32 IST

Amid a sluggish world markets and concerns over spiraling inflation on home front, the Bombay Stock Exchange benchmark Senex on Thursday declined by a modest 19 points after swinging wildly between losses and gains.

Before settling the day at at 16,894.25, lower by a mere 18.52 points or 0.11 per cent over its last close, the 30- share barometer saw volatile movements throughout the day in alternate bouts of selling and buying.

The 50-Share Nifty on the National Stock Exchange also ended almost flat at 5,041.75 from 5,042.05 yesterday.

Brokers said trading was lacklustre in the absence of institutional activity. Some buying support from retail investors helped the small cap and mid cap segments to outperform the Sensex.

Mid-cap index closed up by 1.09 per cent, small cap gained 0.88 per cent.

World stocks displayed a feeble trend after the US Federal Reserve at the end of a two-day policy meeting Wednesday detailed its plans to remove excess liquidity from the financial system though it decided to continue with the all-time interest rates.

Barring Taiwan, which ended in the green, other Asian markets like China, Hong Kong, Japan, Singapore and South Korea closed in the red in the range of 1-2 per cent.

European indices too exhibited a weak trend in their morning deals. The CAC was down by 0.