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Sensex ends 157 points lower over fresh signs of global slowdown

IANS  |  Mumbai 

Sensex and Nifty fell on Monday in line with Asian markets which responded on poor Chinese trade data and an extended partial shutdown, fuelling concerns of a global growth slowdown.

However, losses were capped as India's annual rate of inflation based on wholesale prices eased to 3.80 per in December 2018 from 4.64 per in November, official data showed on Monday.

Except for the export-oriented IT sectors on the BSE, which gained as the rupee weakened close to 30 paise, all other sectorial stocks witnessed heavy selling pressure.

The rupee weakened to 70.79 per dollar, around the closing bell against the previous close of 70.49.

Index-wise, the Nifty50 declined by 57.35 points or 0.53 per to settle at 10,737.60.

The closed at 35,853.56, lower by 156.28 points or 0.43 per cent from the previous close of 36,009.84.

It had opened at 36,113.27 points and touched an intra-day high of 36,124.94 and a low of 35,691.75.

Stock-wise, was a top gainer, jumping close to 6 per cent.

Infosys, Sun Pharma, and inched up in the range of 1 to 3 per cent.

In contrast, Larsen and Tubro and lost over 2 per cent while Vedanta, Power Grid and lost in the range of 1 to 2 per cent.

--IANS

ravi/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 16:14 IST
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