Sensex falls for second consecutive day, down by 44 points
Markets ended in the red for the second straight day as the benchmark BSE Sensex slipped by about 44 points to end at 25,775.74 on Tuesday due to offloading of positions by participants amid a mixed trend in Asia and a lower opening in Europe.business Updated: Nov 24, 2015 17:10 IST
Markets ended in the red for the second straight day as the benchmark BSE Sensex slipped by about 44 points to end at 25,775.74 on Tuesday due to offloading of positions by participants amid a mixed trend in Asia and a lower opening in Europe.
Besides, caution before the expiry of November series contracts in the derivatives segment on Thursday had a bearing on mood.
Stock exchanges will remain closed on Wednesday on account of ‘Guru Nanak Jayanthi’.
Now, the Sensex has lost 92.75 points in two straight sessions.
Market sentiment, which was already subdued on disappointing second quarter earnings of some blue-chip companies, took a hit further from churning of positions by investors in view of the monthly derivatives expiry slated for Thursday.
Brokers said the rolled-overs to the next month expiry would come in below recent month’s expiries.
Sustained foreign fund outflows too made the mood gloomy, they said.
The 30-share BSE Sensex, after opening in the negative zone, recovered briefly primarily due to buying in realty, oil and gas, and PSU stocks.
The index finally settled down by 43.60 points, or 0.17%, at 25,775.74.
The broader 50-share NSE Nifty in two-way movements, ended lower by 17.65 points, or 0.22%, at 7,831.60. During the session, it shuttled between 7,812.65 and 7,870.35.
Among prominent Sensex losers were Maruti Suzuki (down 2.05%) and L&T which fell 1.94%.
Bajaj Auto, Sun Pharma, NTPC and Wipro too registered losses.
Out of the 30-Sensex constituents, 22 ended lower.
Hindustan Unilever, HDFC Ltd, RIL, Lupin and Bharti Airtel ended higher by up to 2.42% and averted any major slide in the key indices.
Sector-wise, the BSE capital goods index suffered the most by falling 1.20%, followed by auto, IT, healthcare and consumer durables.
The broader markets, however, showed a better trend as the BSE small-cap index ended 0.33 per higher and the mid-cap gained 0.08%.
Shares of Reliance Communication soared 9.29% to Rs 71.15 on speculation of positive corporate reports.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 35.37 crore on Monday, provisional data from stock exchanges showed.