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Sensex ends rising spree amid weak global cues and falling rupee

The Sensex settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader Nifty fell 33.55 points, or 0.31 per cent, to finish at 10,821.60

Press Trust of India  |  Mumbai 

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Breaking its four-day rising spree, the ended over 100 points lower on Thursday, led by selling in as investors stayed on the backfoot ahead of key results. Lacklustre and a weakening added to the wariness of participants, traders said.

The settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader Nifty fell 33.55 points, or 0.31 per cent, to finish at 10,821.60.

The fall was led by banking stocks, with IndusInd Bank, Kotak Bank, Federal Bank, Axis Bank, ICICI Bank, HDFC Bank and SBI declining up to 2.36 per cent.

Other losers included ONGC, Maruti Suzuki, Sun Pharma, HDFC, Hero MotoCorp, ITC and HCL Tech, falling up to 1.31 per cent.

Shares of TCS were little changed, ahead of its quarterly earnings. On the other hand, Tata Motors, NTPC, Infosys, YES Bank, M&M, L&T, Bharti Airtel, and HUL were the top gainers, rising up to 1.34 per cent.

Sensex ends rising spree amid weak global cues and falling rupee
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 276.14 crore on Wednesday and domestic institutional investors (DIIs) were net buyers to the tune of Rs 439.67 crore, provisional data available with the showed.

“Earnings will provide some sense of where things stand... Clearly, after four years of lackluster earnings growth at the index level, earnings need to start coming through and investors will be keenly focused on forward commentary in particular,” said Sunil Sharma, Chief Investment Officer of Sanctum Wealth Management.

On the macro front, the depreciated 10 paise to 70.56 against the dollar.

Global turned weaker as optimism over the US-China trade talks fizzled out, while oil prices traded above the $60 per barrel mark.

In Asia, Korea’s Kospi fell 0.06 per cent, Japan’s Nikkei dropped 1.29 per cent, and Shanghai Composite Index slipped 0.36 per cent, while Hong Kong’s Hang Seng index rose 0.22 per cent.

First Published: Thu, January 10 2019. 23:39 IST
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