Benchmark equity indices gave up early gains to end a shade lower at 35,141.99 after a highly volatile session Wednesday as losses in pharma and information technology shares offset gains in energy, banking and metal stocks, amid weak global cues.<\/p>\n
The BSE Sensex swung nearly 365 points both sides on heavy buying and selling during the session. The 30-share index, after a gap-up opening at 35,330.14 points, hit a high of 35,351.88 points at the outset on the back of sliding global crude oil prices and recovery in rupee.<\/p>\n
However, a weak trend in most other Asian markets and a lower opening of European markets, triggered selling on the domestic bourses, dragging the Sensex into negative terrain to hit a low of 34,986.86. The index finally settled 2.50 points, or 0.01 per cent down at 35,141.99. It had rallied 332 points on Tuesday.<\/p>\n
Similarly, the broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.<\/p>\n
Pharma and information technology shares tumbled due to stronger rupee which rose 50 paise to 72.17 against the US dollar (intra-session) in late afternoon trade. It scaled a high of 71.99 at the outset.<\/p>\n
Top losers include Sun Pharma, Kotak Bank, TCS, M&M, Infosys, Tata Motors and Yes Bank falling up to 7.36 per cent.<\/p>\n
While, Maruti, ONGC, Asian Paints, SBI, IndusInd Bank, HUL and ICICI Bank gained up to 2.85 per cent.<\/p>\n
Investors began booking profits at higher levels as indices rallied after Brent crude plunged nearly 7 per cent to USD 65 a barrel.<\/p>\n
Rise in inflation based on wholesale prices to a four-month high of 5.28 per cent in October, mainly due to spike in petrol and diesel prices, too influenced investor sentiment here, brokers said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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