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Sensex ends at 2 months low at 18,309.37 pts

Posted on Nov 16, 10:12PM | UNI

The benchmark Index of the Bombay Stock Exchange (BSE) continued to remain weak for the sixth consecutive session today as it tumbled by 162.00 points to settle at 18,309.37, a two-month-low, as persistent selling was witnessed in Bankex, Auto, Realty and Power stocks amid mixed trend in Asian Markets.

The Nifty of National Stock Exchange (NSE) declined by 56.95 points to 5,574.05.

High volatility was seen during the day as the Sensex opened on a positive note, up by 73 points. Till noon, it further gained by 91.95 points at the day's high of 18,563.32.

Later, it nosedived by 162 points to end in red at 18,309.37 points from its last close. The index tumbled by 204.61 points at the day's low of 18,266.76.

The Nifty of National Stock Exchange (NSE) recorded the day's high and low at 5650.15 and 5559.80 points respectively.

Key benchmark indices slumped in late trade as European stocks edged lower.

Index heavyweight Reliance Industries (RIL) edged lower in choppy trade.

Index heavyweight and cigarette maker ITC reversed gains in late trade. Realty stocks edged lower. Bank stocks fell across the board.

Heavyweight scrips like ICICI Bank, Tata Motors, Cipla, Hind Unilever, SBI and Hindalco Industries lost by more than two per cent.

BHEL, Gail India, Maruti Suzuki, L and T, Reliance and Tata Power too kept the market under pressure, brokers said.

The turnover on BSE was of Rs 2380 crore today lower than Rs 2516 crore yesterday.

On BSE, 1,739 shares declined and 1,114 shares rose. A total of 110 shares were unchanged.

From the 30-share Sensex pack, 25 stocks fell while the rest of them rose.

Most Asian stocks witnessed mixed trend today. Key benchmark indices in China, Singapore, South Korea and Taiwan fell between 0.01 pc to 0.77 pc. Key benchmark indices in Hong Kong and Japan rose between 0.24 pc and 2.20 pc.