Sensex sinks over 300 points amid weak global cues - LuvKush Finserve

Sensex ended over 300 points lower on Thursday, amid weak global cues, dragged by index heavyweights. The Sensex ended at 19,325 down 317 points or 1.62% and the Nifty ended at 5,852 down by 91 points or 1.53%. The Sensex and the Nifty reached an intra-day low of 19,318 levels and 5,845 mark respectively.

On the sectoral front, BSE Metal index and Bankex slumped by 3% followed by counters like Realty, Capital Goods, Oil & Gas, PSU and Auto, all falling down by nearly 2% each. Sectors like FMCG, IT, Power and Healthcare declined by 1% each.

Apart from Consumer Durable, all the major BSE sectoral indices ended in red zone. Metal shares like Jindal Steel, Tata Steel, Sterlite and Hindalco melted between 2-4% on news that the commodity prices have declined globally.

Capital Goods majors like L&T and BHEL fell over 2% each. From the Auto space, Tata Motors, Maruti Suzuki and M&M slipped between 1-3%. Other notable losers included CIL, Infosys, HUL, ITC and DRL. The broader indices were in line with the benchmark indices– BSE Midcap and Smallcap indices were down by almost 2%.

Source : Equity Bulls

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