Stocks

Sensex, Nifty end marginally lower; Bharti Airtel down 8%

Our Bureau/Agencies | Updated on September 23, 2020 Published on September 23, 2020

Extending its losses for the fifth straight session, equity benchmark Sensex ended 66 points lower on Wednesday, tracking weakness in Bharti Airtel, TCS and Bajaj Finance despite mostly positive cues from global markets.

After opening on a positive note, the 30-share BSE index pared all intra-day gains to settle 65.66 points or 0.17 per cent down at 37,668.42.

Similarly, the NSE Nifty fell 21.80 points or 0.20 per cent to close at 11,131.85.

Bharti Airtel was the top laggard in the Sensex pack, tanking around 8 per cent, followed by Tata Steel, IndusInd Bank, NTPC, PowerGrid, ONGC and TCS.

On the other hand, Axis Bank, HUL, Infosys, Nestle India and HDFC Bank were among the gainers.

According to traders, despite positive global cues, domestic benchmarks were dragged lower by stock-specific selling in index majors.

The Realty index outperformed in Wednesday's trading session, gaining 0.8 per cent. The Media index was the top laggard, ending 2.4 per cent lower while the Pharma and PSU Bank indices fell over 1.5 per cent each.

All the sectoral indices recovered from their respective day's lows during the last hour of trade.

The Nifty Midcap index closed lower by 0.3 per cent while the Smallcap index finished unchanged.

On NSE, 986 stocks ended with losses while 854 posted gains.

 

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on September 23, 2020
This article is closed for comments.
Please Email the Editor