Sensex sheds 223 points on global cues

Foreign portfolio investors (FPIs) sold shares worth a net Rs 402.62 crores, as per provisional data released by the stock exchanges.

By: PTI | Mumbai | Published:December 2, 2016 1:02 pm
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Key benchmark indices continued to trade weak in late morning trade, further down by 223 points after a gap-down opening triggered by negative Asian stocks. Sell-off were seen mainly in FMCG, Finance, Realty, Consumer Durable, Oil & Gas, Capital Goods and IT sectors.

The BSE Mid-Cap index and the BSE Small-Cap index were down by 0.64 and 0.83 per cent, respectively.

The 30-share Sensex opened lower at 26,437.37 and hovered in a range of 26,445.52 and 26,299.15 before quoting 26,336.56 at 1100 hours, showing a fall of 223.36 points, or 0.84 per cent, from its last close.

`The NSE 50-share Nifty was also trading down by 73.15 points, or 0.89 per cent, to 8,119.75 at 1100 hours.

Major losers were HDFC 2.32%, Dr Reddy 2.14%, ITC 1.65%, HDFC Bank 1.50%, HUL 1.45%, TCS 1.41%, Adaniports 1.38%, L&T 1.35%, Asianpaint 1.34%, Infosys 1.16%, M&M 1.07% and Maruti 1%.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 402.62 crores, as per provisional data released by the stock exchanges.

Asian markets fell on global uncertainties as investors adopted a wait-and-watch mood. Later today the US Labor Department will release its closely watched monthly employment report for November.

A sharp decline in technology stocks pulled both the Nasdaq and the S&P 500 indexes into the red yesterday, while the Dow managed to notch a record closing high with a lift from bank and energy shares.