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Sensex ends at 18,471.37, 2-week-low

Posted on Nov 15, 06:40PM | UNI

The 30 scrip Index of the Bombay Stock Exchange (BSE) remained weak for the fifth straight session today, down by 147.50 points to settle at 18,471.37, a two-week-low, as selling was witnessed in IT, Metal, Auto and Banking stocks along with negative trend in Asian Markets.

The Nifty of National Stock Exchange (NSE) fell by 35.95 points to 5631.00.

The Sensex opened on a negative note, declining by 28 points.

During the day, it slipped by 210.18 points at the day's low of 18,408.69 before closing at 18,471.37, down by 147.50 points from its last close.

Even, Nifty of National Stock Exchange (NSE) dropped by 35.95 points to 5631.00 points.

Heavyweight stocks, including IT, Metal and FMCG fell by more than one per cent.

Other stocks like Auto, Oil and Gas, Technology and Banking put the market under pressure for the fifth day in a row.

Index heavyweight and cigarette maker ITC fell nearly 3 pc.

Metal stocks declined. Software shares like Wipro, Infosys and TCS have plunged by 2 pc on concerns over outsourcing orders from US-based clients as world's biggest economy struggled to fight tax issue with the Congress.

Index heavyweight Reliance Inds has slipped over 1 pc as the company reported a further decline in natural gas production from its eastern offshore KG-D6 fields.

Metal shares like Jindal Steel, Tata Steel, Sterlite and Hindalco Industries fell between 2-3 pc.

Auto majors like Tata Motors, Hero Moto, M and M and Bajaj Auto have slipped between 1-2 pc.

Other notable losers include ITC, Sun Pharma, ONGC, Dr Reddy's, Cipla and SBI.

The turnover on BSE was Rs 2516 crore today.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1647 shares declined and 1150 shares rose. A total of 100 shares were unchanged.

From the 30-share Sensex pack, 22 stocks fell while the rest of them rose.

Asian stocks edged lower today amid concern the U.S. budget standoff will curb economic growth.

Key benchmark indices in China, Hong Kong, Singapore, Taiwan and South Korea shed between 0.22 pc to 1.55 pc.