Sensex Ends 49 Points Lower


MUMBAI: Indian markets will be closed on Wednesday for a public holiday. "Investors seem to stay light on the positions on the penultimate day of the November derivative contracts and ahead of the start of the Winter Session of Parliament", said Gaurav Jain, Director, Hem Securities.

The market has ended marginally lower with the Sensex down 49.15 points trading at 25819.34. Sustained foreign fund outflows too made the mood gloomy, they said.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading flat during the late-afternoon session. During the session, it shuttled between 7,812.65 and 7,870.35.

Hindustan Unilever, HDFC Ltd, RIL and Lupin ended higher, which limited the downside in the key indices.

In sectoral performance, as reflected by the respective indices, oil & gas (1.0 percent), metals (0.4 percent) and power (0.1 percent) gained, while capital goods (-0.7 percent), auto (-0.5 percent), IT (-0.4 percent) and healthcare (-0.2 percent) were under pressure. The BSE Midcap and Smallcap indices continued to outperform benchmarks, rising 0.2-0.4 percent.

According to data with stock exchanges, FIIs sold stocks worth 540.12 crore, while DIIs bought stocks worth 532.13 crore. European shares fell to a one-week low.

A Kremlin spokesman termed the incident "very serious". In the 30-share Sensex pack, 22 ended lower.

Most other Asian markets traded weak.

"Lack of fresh triggers, caution over the upcoming winter session of parliament and consistent selling by the foreign investors subdued markets and capped investor participation", Anand James, co-head, technical research desk with Geojit BNP Paribas Financial Services, told IANS.

The market breadth on BSE was positive in the ratio of 1097: 560 while 105 scrips remained unchanged.

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Source: IANS