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Sensex Ends Lower For 5th Straight Day; Falls Below 33,000 Pts
Benchmark indices fell in trade with the Sensex ending lower for the fifth straight day, as sentiments continued to be bearish.
Political uncertainty and weakish global cues weighed on the markets with the Sensex falling below the 33,000 points mark. The Sensex ended the day at 32,923 points, down 252 points at 32,923 points, while the Nifty dipped 101 points in trade.
Heavy selling was seen in stocks from the oil marketing space with HPCL, BPCL and Chennai Petroleum among the major losers.
Metal and IT stocks were the few other stocks that saw heavy selling pressure in trade. Among the gainers were Larsen and Toubo, NTPC and Hindustan Unilever. Markets are expected to be volatile ahead of the US Fed Meet and the no confidence motion moved against the Narendra Modi government.
Investors were worried of the outcome of the US Fed meeting later this week, where it is widely expected that the US central bank would hike interest rates.
Asian markets meanwhile, ended the day mixed with the Japanese Nikkei falling, while the Hong Kong's Hang Sang and the Korean Kospi ending wiith gains. Europe was trading with marginal losses.
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