Press Esc to close
Wednesday 02 September 2015
News updated at 3:30 AM IST
Weather
Max: 29.4°C
Min : 21.1°C
In Bengaluru
Sunny day

Samvat 2069: Volatile Sensex ends lower on Diwali

Mumbai: Nov 14, 2012 DH News Service

However, broader markets shine

Domestic equities remained lacklustre and traded subdued in a narrow range on special mahurat trading session on the day of Diwali.

The start of Samvat 2069 was weak, as compared to the last Samvat 2068, for key benchmark indices on mahurat session owing to a decline in global peers.

The 30-share BSE Sensex fell 51.47 points to close at 18,618.87, weighed down by technology and banking & financials stocks, while the 50-share NSE Nifty declined 16.75 points to 5,666.95.

However, the broader markets outperformed quite nicely led by breweries and media stocks as the BSE Midcap rising 0.9 per cent and BSE smallcap surging over 1 per cent.

Although buying stocks on Tuesday, being the occasion of Diwali and Laxmi Pooja, considered auspicious by the trading community, yet gains were capped on concerns over global growth recovery. Muhurat trading is held every year on Lakshmi Puja day in Diwali to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity.

And investors make token purchases of shares on Muhurat trading session.
Index heavyweight ITC edged lower in early trade. Reliance Industries (RIL) edged higher. The top sector gainers on BSE were oil and gas, metals which moved up nearly 0.4 percent while software makers and bank sector led the declines booking a loss of 0.2 percent in the opening trades.

Investor sentiment was also lower on the back of concern over growth in the country’s economy after the government on Monday announced a  disappointing set of IIP numbers for the month of September which led to selling pressure in index heavyweights.

Global market sentiments reamined muted on Tuesday as investor sentiment were weighed down by concerns over US fiscal woes and amid uncertainty over Greece's bailout.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1 percent after ending last week down 0.7 per cent at one-week low.

Japan’s Nikkei stock average ended down 0.18 per cent. Likewise China’s Shanghai Composite, South Korea’s Kospi while Singapore’s Straits Times fell in the range of 0.1-1.5 per cent each.

Meanwhile, European shares opened down for fifth straight trading session, France's CAC declined 0.7 percent, Germany's DAX dropped 0.8 percent while FTSE fell 1 percent.

The market breadth, indicating the overall health of the market, was strong with as many as 1,638 shares rose and 665 shares fell while a total of 181 shares remained unchanged.


Go to Top

Photo Gallery
Jaya Karnataka members holding a candle light vigil to staging dhana to condemn...

Jaya Karnataka members holding a candle light vigil to staging dhana to condemn...

Police men baton charge B P Ed Sangharsh Morcha members...

Police men baton charge B P Ed Sangharsh Morcha members...

NCC boats sail towards Sultan Bathery as a part of river sailing expedition...

NCC boats sail towards Sultan Bathery as a part of river sailing expedition...

women's 2000M Dragon Boat race event at the 4th National Dragon Boat Championship...

women's 2000M Dragon Boat race event at the 4th National Dragon Boat Championship...

Launch of Ciaz Smart Hybrid in New Delhi...

Launch of Ciaz Smart Hybrid in New Delhi...

Iris Maju is crowned as Mrs India World 2015 in Kochi on Tuesday...

Iris Maju is crowned as Mrs India World 2015 in Kochi on Tuesday...

Activist of AASU burn tyres during a protest at Margherita in Tinsukia district...

Activist of AASU burn tyres during a protest at Margherita in Tinsukia district...

Narendra Modi leaves in a chopper after NDA's Parivartan Rally at the Airport...

Narendra Modi leaves in a chopper after NDA's Parivartan Rally at the Airport...

A artist giving final touches to the Ganesha idol ahead of Ganesha Chathurthi Festival...

A artist giving final touches to the Ganesha idol ahead of Ganesha Chathurthi Festival...

Vehicle riders watch as two decorated elephants pass near Shanthala theatre...

Vehicle riders watch as two decorated elephants pass near Shanthala theatre...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523