Sensex Ends 136 Points Lower at 36,444 Citing Growth Concerns
The BSE Sensex closed lower by 134.32 points, or 0.37 per cent at 36,444.64, after touching a high of 36,650.47 and a low of 36,282.93.
Mumbai, January 22: Sensex and Nifty ended lower on Tuesday in line with global markets over concerns of global growth as the International Monetary Fund (IMF) cut its GDP growth forecasts citing concerns over Sino-US trade tensions. The BSE metal index lost over 2 per cent. Telecom and auto stocks also witnessed heavy selling pressure while the pharma sector gained.
The BSE Sensex closed lower by 134.32 points, or 0.37 per cent at 36,444.64, after touching a high of 36,650.47 and a low of 36,282.93. The benchmark index opened higher on Tuesday, at 36,649.92 points, from its previous close of 36,578.96. The broader Nifty50 ended lower by 39.10 points or 0.36 per cent at 10,922.75.
Stock-wise, Sun Pharma continued to gain on Tuesday. It ended with gains close to 5 per cent after its clarifications in a regulatory filing earlier in the day. Sun Pharma was followed by Kotak Mahindra Bank which reported a healthy third quarter earning on Monday.
Hero MotoCorp, Bajaj Finance and Bajaj-Auto surged up to 2 per cent. In contrast, Vedanta, Tata Steel, Mahindra and Mahindra, HCL Tech and Bharti Airtel lost in the range of 2 to 3.50 per cent.
(The above story first appeared on LatestLY on Jan 22, 2019 05:35 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).