Sensex still down 128.90 pts

Mumbai (Thestates.news)| The BSE Sensex remained under pressure for the third consecutive session on Thursday, as it dropped 128.90 pts to settle at 61,431.74 as selling pressure was seen in Power, Oil and Gas, Realty and FMCG stocks The Nifty too fell 51.80 pts at 18,129.95. With yesterday’s losses, the Sensex jumped 377 pts at 61,937.86 in early trade. It was surged 395 pts at 61,955 days high. In late trade it erased earlier gains, and ended negative at 61,431.74, sliding 128.90 pts from its previous close.

The stocks that dragged the equity market were Realty tumbled down by 2.28 pc followed by Power by 1.43 pc, Oil and Gas by 1.39 pc and FMCG by 1.96 pc. In scrips, ITC a major loser, down 2.02 pc to Rs 419 followed by SBI by 1.77 pc to Rs 576.10, Titan by 1.62 pc to Rs 2717.80, Powergrid by 1.40 pc to Rs 235.30 and L& T by 1.51 pc to Rs 2188.95. The gainers were Bajaj Finance by 1.22 pc to Rs 6790.05, Kotak Bank by 1.03 pc to Rs 1928.80, Bharti Airtel by 0.98 pc to Rs 800.05 and ITC by 0.86 pc to Rs 947.50.
The Mid Cap declined 0.67 pc and Small Cap by 0.26 pc.

In 30 scrips, 12 advanced while 18 declined. However, Asian markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 is up 1.60 pc while Hong Kong’s Hang Seng rose 0.85% pc and China’s Shanghai Composite also improved 0.40 pc. (UNI)