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Sensex, Nifty end lower on weak global cues

Press Trust of India  |  Mumbai 

Domestic benchmark indices ended on a negative note after a choppy session Friday amid weak global cues as the hinted at a rate hike next month.

The 30-share Sensex fell 79.13 points, or 0.22 per cent, to close at 35,158.55. The broader NSE Nifty lost 13.20 points, or 0.12 per cent, to end at 10,585.20.

According to analysts, market was range-bound due to weak global cues. Investors are also awaiting Consumer Price Index (CPI) data Monday, which is expected to come down slightly due to recent cut in fuel taxes and fall in

Additionally, upcoming state elections will be a key trigger to monitor while fall in and bond yields along with appreciation in rupee will provide support to the market, they added.

In the Sensex pack, was the biggest loser, falling 2.45 per cent, after placed the company's rating on review for downgrade following low levels of profitability and expectation of weak cash flow.

Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, and ITC, falling up to 2.15 per cent.

On the other hand, was the top gainer on Sensex, rallying 5.49 per cent, followed by Asian Paints, Adani Ports, Sun Pharma, Hero MotoCorp, HUL and Maruti, rising up to 3.79 per cent.

Mid and small-cap shares outperformed larger peers as the indices rose nearly 1 per cent each.

Shares of aviation companies gained due to softening of and stocks rose up to 3 per cent.

Scrips of companies like HPCL, and also rallied up to 4.70 per cent.

Brent breached the USD 70 per barrel mark and were trading 1.08 per cent lower at USD 69.90.

Elsewhere in Asia, Shanghai Composite ended 1.39 per cent lower, while Hang Seng Index fell 2.39 per cent and Japan's Nikkei closed 1.05 per cent down.

In Europe, DAX was down 0.49 per cent and rose 0.69 per cent.

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

First Published: Fri, November 09 2018. 16:20 IST
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