Sensex closes 168 points down; auto, banking stocks slump

Sensex closes 168 points down; auto, banking stocks slump

Mumbai (Maharashtra) [India], September 7 (ANI): The Indian stock market’s benchmark Sensex closed 168 points down on Wednesday dragged by heavy selling pressure in auto and banking stocks.

The 30 stock SP BSE Sensex closed 168.08 points or 0.28 per cent down at 59,028.91 points against its previous day’s close at 59,196.99 points.

Earlier, the Sensex started the day deep in the red at 58,789.26 points and slumped to 58,722.89 points in the morning session.

The Sensex trimmed losses in the afternoon session rising to a high of 59,166.46 points.

The Sensex had closed 48.99 points or 0.08 per cent down on Tuesday.

The broader Nifty 50 of the National Stock Exchange closed 31.20 points or 0.18 per cent down at 17,624.40 points.

The Nifty started the day sharply down at 17,519.40 points and fell to a low of 17,484.30 points in the morning session against its previous day’s close at 17,655.60 points.

The Nifty had lost 10.20 points or 0.06 per cent on Tuesday.

Auto and some financial stocks witnessed heavy selling pressure.

MahindraMahindra dipped 1.32 per cent to Rs 1289.25. Maruti Suzuki slipped 1.15 per cent to Rs 8782.10.

IndusInd Bank slumped 1.69 per cent to Rs 1089.90. State Bank of India slumped 0.95 per cent to Rs 532.65. ICICI Bank slumped 0.85 per cent to Rs 876.40. HDFC fell 0.72 per cent to Rs 2430.

The index heavyweight Reliance Industries Limited closed 0.55 per cent down at Rs 2581.15. HDFC Bank fell 0.49 per cent to Rs 1482.20.

UltraTech Cement surged 4.13 per cent to Rs 6767.95. TCS jumped 0.71 per cent to Rs 3151.10. Wipro jumped 0.69 per cent to Rs 407.35.

Twelve of 30 scrips that are part of the benchmark Sensex closed in the positive. Sun Pharma, Bajaj Finance, Bajaj Finserv, Axis Bank, Titan, Nestle India and Infosys were among the major Sensex gainers. (ANI)

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Author: Shirley