Sensex ends down 49 points - LuvKush Finserve

Benchmark Indices ended lower, amid a volatile trading session, weighed down by profit taking in index heavyweights RIL and Infosys. The Sensex ended at 19,519 down 49 points and the Nifty ended at 5,921 down by 2 points.

The rupee touched the key psychological level of 57 to the dollar, approaching a record low hit nearly a year earlier as fears of an end to the US Federal Reserve's monetary stimulus sent the dollar higher and hit local shares.

On the sectoral front, BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%. However, BSE Bankex gained by nearly 1%.

Index heavyweight Reliance Inds dipped by over 1% as no major announcements were made in 39th AGM. The retail business of Reliance Industries would deliver a growth 50% revenue growth, year on year across formats, said Mukesh Ambani. Infosys declined by over 1%.

Other notable losers were Bharti Airtel, Sun Pharma, NTPC, Tata Steel and Hero Moto. ICICI Bank and SBI gained between 1-2% on account of short covering and value buying. L&T gained by nearly 1%. The company has bagged an office building construction order at Ahmedabad and Bangalore.

Source : Equity Bulls

Keywords