Hindustan Unilever, UltraTech Cement, Power Grid and Nestle were among the winners. file | Photo Credit: Reuters
The benchmark indices ended the day in the negative territory on December 6 amid a weak global market trend and rising crude oil prices.
Extending losses for the third day, the 30-share BSE benchmark closed 208.24 points, or 0.33%, lower at 62,626.36. During the day, it fell 444.53 points, or 0.70%, to 62,390.07.
The broader NSE Nifty settled at 18,642.75, down 58.30 points or 0.31%.
Bears continued to drag down the domestic indices amid unfavorable global cues with significant selling in metals and IT stocks. While demand outlook in China benefited, fresh sanctions on Russian oil further added to the volatility in global oil markets. Domestic investors are looking forward to RBI’s policy meeting tomorrow,” said Vinod Nair, head of research at Geojit Financial Services.
In the Sensex pack, Tata Steel, Dr Reddy’s, Infosys, State Bank of India, Bharti Airtel, ICICI Bank, IndusInd Bank, Tata Consultancy Services, Tech Mahindra, HCL Technologies and Maruti were the major laggards.
Hindustan Unilever, UltraTech Cement, Power Grid and Nestle were among the winners.
Ajit Mishra, VP – Technical Research said, “Markets traded sluggish and lost nearly half per cent tracking weak global cues. After a gap-down start, Nifty traded in a narrow range till the end and finally settled at 18,642.75. level off.” , Religare Broking Ltd.
In the broader market, the BSE Midcap gauge fell 0.53% and the Smallcap index fell 0.32%.
Sectoral indices fell in metal 1.68%, tech (1.37%), IT (1.36%), telecommunication (1.07%), realty (0.73%) and consumer durables (0.54%).
Energy, FMCG, utilities and power were the winners.
In other Asian markets, Seoul and Hong Kong closed with losses, while Tokyo and Shanghai closed in the green.
Equity exchanges in Europe were trading lower in afternoon trade. Wall Street closed in negative territory on Monday.
International oil benchmark Brent crude was trading 0.68% higher at $83.24 per barrel.
Foreign institutional investors (FIIs) sold shares worth Rs 1,139.07 crore on Monday, according to exchange data.