Post Session: Sensex ends lower for 6th session; FMCG, IT stocks down

21/12/2016 16:12

The Indian equities continued lackluster trade for the sixth straight session and settled in negative terrain on Wednesday, weighed down by FMCG and IT stocks, amid sustained selling by foreign portfolio investors and funds, despite firm cues from fellow Asian peers. Lack of any major cues from domestic or global front also kept investors sideline in the lead-up to Christmas.

The 30-share benchmark index closed trade at 26242.38, down by 65.6 points or by 0.25 per cent, and the NSE Nifty ended at 8061.3, down by 21.1 points or by 0.26 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 26396 and intraday low of 26213.51, while the NSE Nifty touched intraday high of 8112.55 and intraday low of 8053.25.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 614.40,-2.25%), ITC Ltd. (Rs. 226.10,-1.44%), Tata Consultancy Services Ltd. (Rs. 2312.75,-1.07%), Hero MotoCorp Ltd. (Rs. 3026.65,-1.00%), Wipro Ltd. (Rs. 462.55,-0.91%), among others.

On the flip side, Maruti Suzuki India Ltd. (Rs. 5169.00,+1.31%), Mahindra & Mahindra Ltd. (Rs. 1193.15,+1.22%), Lupin Ltd. (Rs. 1465.95,+1.17%), NTPC Ltd. (Rs. 163.50,+1.05%), Oil And Natural Gas Corporation Ltd. (Rs. 201.45,+0.78%), were among top gainers on BSE.

On the sectoral front, FMCG and IT stocks emerged as top losers, falling as much as 0.95 per cent and 0.75 per cent respectively.

The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2917, shares advanced were 1267 while 1466 shares declined and 184 were unchanged.

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