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Sensex ends 240 points lower ahead of inflation data release

IANS  |  Mumbai 

The closed 240 points lower on Tuesday, ahead of the release of and industrial production data.

After trading on a flat-to-negative note for most part of the session, the key indices slumped in the last hour of trade with heavy selling pressure on telecom, IT and

Markets anticipate a rise in the Consumer Price Index (CPI), the in the month of January, analysts said. The government is scheduled to release the January data later in the day.

The Sensex closed at 36,153.62, lower by 241.41 points or 0.66 per cent than the previous close of 36,395.03 points.

It had opened at 36,405.72 points and touched an intra-day high of 36,465.40 points and a low of 36,113.91 points.

The Nifty50 on settled 57.40 points or 0.53 per cent lower at 10,831.40 points.

In December, India's in December eased to 2.19 per cent from 2.33 per cent in November due to lower fuel prices.

Geojit Financial Services' said: "Lack of positive triggers is impacting the sentiment of domestic equity market. is underperforming in spite of improvement in the global market and appreciation in INR."

"Inflows have reduced this month due to muted Q3 results and outcome of Expectation is that market momentum will reverse as economy stabilize post-election and borrowing cost reduce," he added.

--IANS

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

First Published: Tue, February 12 2019. 16:46 IST
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