Press Esc to close
Tuesday 30 August 2016
News updated at 12:45 PM IST
Weather
Max: 27.4°C
Min : 20.8°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
Bollywood actor Akshay Kumar with Hollywood actor Will Smith during a party in Mumbai...

Bollywood actor Akshay Kumar with Hollywood actor Will Smith during a party in Mumbai...

An artisian paints the idol of Lord Ganesha ahead of Ganesh Chaturthi at Beawar in Rajasthan...

An artisian paints the idol of Lord Ganesha ahead of Ganesh Chaturthi at Beawar in Rajasthan...

Kareena Kapoor showcases a creation by designer Sabyasachi grand finale show of Lakme Fashion Week..

Kareena Kapoor showcases a creation by designer Sabyasachi grand finale show of Lakme Fashion Week..

Alphorn musicians perform in Nesselwang, southern Germany, Sunday...

Alphorn musicians perform in Nesselwang, southern Germany, Sunday...

Britney Spears performs at the MTV Video Music Awards at Madison Square Garden....

Britney Spears performs at the MTV Video Music Awards at Madison Square Garden....

Awardees at the National Sports and Adventure Award 2016 function at Rashtrapati Bhawan...

Awardees at the National Sports and Adventure Award 2016 function at Rashtrapati Bhawan...

MNS party members staging a protest against ban on sale of meat for four days during festival...

MNS party members staging a protest against ban on sale of meat for four days during festival...

Bollywood actor Zayed Khan during a promotional event in Jaipur on Monday...

Bollywood actor Zayed Khan during a promotional event in Jaipur on Monday...

Women attack a fire vehicle after death of two persons in a fire due to alleged negligence...

Women attack a fire vehicle after death of two persons in a fire due to alleged negligence...

Siddharth Malhotra and actress Katrina Kaif share a light moment at Sabarmati river...

Siddharth Malhotra and actress Katrina Kaif share a light moment at Sabarmati river...

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