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Sensex down 260 points, Nifty trades around 10,700

Sensex down 260 points, Nifty trades around 10,700

Mumbai, Jan 14 (IANS) The Indian equity indices traded in the red on Monday afternoon with the S&P BSE Sensex trading over 260 points lower.

The Nifty50 on the National Stock Exchange also slumped and was around the 10,700-mark level during the afternoon session.

Weakness in the Asian markets and depreciation in the Indian rupee dampened the domestic market sentiments, analysts said.

 

At 1.32 p.m., the Sensex traded at 35,747 points, lower by 262.84 points or 0.73 per cent from the previous close of 36,009.84 points.

It had opened at 36,113.27 points and touched an intra-day high of 36,124.94 and a low 35,691.75 points.

The Nifty50 traded at 10,708.60, lower by 86.35 points or 0.80 per cent from the previous close of 10,794.95 points.

The rupee was trading around 70.80 (1.32 p.m.) against the previous close of 70.49 per dollar.

Except IT and Teck (technology, media and entertainment) stocks, all the sectoral indices declined during the day, led by heavy selling pressure in banking, capital goods and auto stocks.

The only gainers on the Sensex were Yes Bank, Infosys and Sun Pharma while IndusInd Bank, Larsen and Toubro and Vedanta lost the most.

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Sensex down 260 points, Nifty trades around 10,700

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Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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