Press Esc to close
Thursday 29 September 2016
News updated at 12:04 PM IST
Weather
Max: 29.4°C
Min : 21.6°C
In Bengaluru
Generally cloudy

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
Kane Williamson selects a suit length at a Garments shop in Kolkata on Wednesday...

Kane Williamson selects a suit length at a Garments shop in Kolkata on Wednesday...

Women practice Gujarati 'Garba' as they celebrate for the upcoming 'Navratri festival'...

Women practice Gujarati 'Garba' as they celebrate for the upcoming 'Navratri festival'...

A submerged temple after opening of Bargi dam gate at Gaurighat in Jabalpur on Wednesday...

A submerged temple after opening of Bargi dam gate at Gaurighat in Jabalpur on Wednesday...

Pranab Mukherjee  during a visit to Kedarnath Temple at Kedarnath in Uttarakhand on Wednesday....

Pranab Mukherjee during a visit to Kedarnath Temple at Kedarnath in Uttarakhand on Wednesday....

Bollywood actress Kangana Ranaut attends the GQ India Men of the Year Awards 2016...

Bollywood actress Kangana Ranaut attends the GQ India Men of the Year Awards 2016...

Ranveer Singh attends the GQ India Men of the Year Awards 2016, in Mumbai...

Ranveer Singh attends the GQ India Men of the Year Awards 2016, in Mumbai...

Prabhu Deva and actress Tamanna during a promotional event for their upcoming film Devi...

Prabhu Deva and actress Tamanna during a promotional event for their upcoming film Devi...

Actor Sushant Singh Rajput, Disha Patani and Kiara Advani talking to media person....

Actor Sushant Singh Rajput, Disha Patani and Kiara Advani talking to media person....

Sourav Ganguly and Indian cricket team coach Anil Kumble during a practice session...

Sourav Ganguly and Indian cricket team coach Anil Kumble during a practice session...

Ajay Devgn with his daughter Nysa during a campaign in Mumbai...

Ajay Devgn with his daughter Nysa during a campaign in Mumbai...

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