The benchmark Sensex threw away all its early gains and fell 184 points after selling pressure accelerated in key energy, metal, oil and gas sectors amid lower Asian cues.
Caution prevailed ahead of the beginning of the second part of Parliament’s Budget session today as concerns over
passage of proposed Bills persisted and focus shifted to key Goods and Services Tax Bill, which is considered as the
country’s biggest indirect tax reform since Independence.
The Sensex got off to a higher start at 25,891.03 before quoting at 25,653.85 at 11 45 hours, a loss of 184.29 points,
or 0.71 per cent, from its previous close.
- Sensex crosses 35,500-point level, closes at new peak
- Sensex slips from record in see-saw trade; IT bucks trend
- Sensex, Nifty post 6th weekly gains; rise to all-time highs
- Sensex up 118 points in late morning, Nifty above 10,450-level
- Markets ignore higher GDP, Sensex down 316 points
- Sensex goes up 112 points, Asian leads support
The NSE 50-share Nifty dropped 56.40 points, or 0.71 per cent, to trade at 7,842.90 at 11 45 hours.
NTPC, Reliance, Tata Steel, BHEL, Axis Bank and Maruti fell between 3.46 per cent and 1.65 per cent.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 191.07 crore last Friday, provisional data from the
stock exchanges showed.
Overseas, Asian markets were trading lower as investors awaited central bank meetings in the United States and Japan this week. US stocks had finished mixed during the previous trading last Friday.