MUMBAI, OCT 29: Extending its losses to the fourth straight session, the BSE Sensex dropped 202 points to settle at 26,838 while Nifty lost 59 points to close at 8,111 – marking their lowest close in little over two weeks ahead of the monthly derivative contracts expiry and as the US Federal Reserve hinted at a possible interest rate hike in December.
The BSE 30-share Sensex after resuming in positive zone soon slipped as participants indulged in squaring-up long positions. The index finally settled 201.62 points down at 26,838.14 — its lowest closing since October 14.
The 50-issue NSE too continued its slide and lost 59.45 points to close at 8,111.75.
Indian shares remained subdued, tracking global cues, with 22 scrips settling lower from the 30-share Sensex pack.
Major BSE losers were BHEL (4.38 pc), Axis Bank (2.81 pc), Sun Pharma (2.36 pc), Coal India (2.30 pc), SBI (2.02 pc), HUL (1.94 pc), ITC (1.41 pc), GAIL (1.37 pc), Hindalco (1.36 pc), NTPC (1.35 pc), Larsen (1.33 pc) and Maruti (1.17 pc).
However, Dr Reddy’s rose by 2.59 per cent, followed by Vedanta 1.71 per cent and Tata Motors 1.36 per cent.
Among the S&P BSE sectoral indices, power fell by 1.11 per cent followed by bankex 1.10 per cent, capial goods 1.09 per cent, FMCG 0.98 per cent, metal 0.85 per cent, oil&gas 0.82 per cent, teck 0.77 per cent, healthcare 0.57 per cent and IT 0.57 per cent.
The market breadth remained negative as 1,438 stocks ended in red, 1,224 closed in green while 188 ruled steady.
The total turnover rose to Rs 2,773.00 crore from Rs 2,701.94 crore yesterday.
