Sensex, Nifty log first fall in 3 days;Adani Ports, CIL drag
The benchmark Sensex today ended
lower by 0.84 per cent or 281 points at 33,033.56, breaking
its two-session gaining spree following a fall in heavyweights
like Adani Ports, Coal India, L&T and RIL.
The broader Nifty of the NSE dropped 0.94 per cent or
96.8 points to end at 10,224.95.
Disappointing macroeconomic data and muted earnings as
well as caution ahead of CPI inflation data to be released
later in the day hit the market sentiment, brokers said.
A weakening rupee, which depreciated by 35 paise to 65.51
against the dollar during the day on fears that the tax rate
decision of the GST Council will have a revenue implication of
Rs 20,000 crore annually, too dampened investor sentiment.
The benchmark BSE index had opened higher 33,397.41 and
advanced to hit a high of 33,417.30 in early trade. Soon it
slipped into the negative zone and fell below the 33,000-mark
to touch a low of 32,999.98, but finally ended 281 points, or
0.84 per cent, down at 33,033.56.
The NSE Nifty settled the day 96.80 points, or 0.94 per
cent lower, at 10,224.95 after shuttling between 10,334.15 and
10,216.25 during the day.
Industrial production (IIP) grew at a slower pace of 3.8
per cent in September, mainly due to subdued performance of
the manufacturing sector coupled with contraction in output of
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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