Sensex Ends 144 Points Lower; FMCG Stocks Outperform

After five days of consecutive bullish rally, Indian share markets reversed trend today, in line with global equities, and fell on to bearish territory, amid profit booking.

At the closing bell, the BSE Sensex stood lower by 144 points. The NSE Nifty ended down by 51 points.

Nestle was among the top gainers today. UltraTech Cement, on the other hand, was among the top losers today.

SGX Nifty was trading at 13,523, down by 44 points, at the time of writing.

The BSE Mid Cap index ended down by 0.6%. The BSE Small Cap index ended lower by 0.7%.

Sectoral indices ended on a mixed note with stocks in the realty sector and FMCG sector witnessing buying interest. Power and auto stocks, on the other hand, witnessed selling pressure.

Telecom stocks were in focus today after it was reported that the Department of Telecommunications (DoT) will soon announce spectrum bands crucial for rolling out 5G services.

Shares of Info Edge and Nestle hit their respective 52-week highs today.

Asian share markets ended lower today as investors kept an eye on Brexit trade talks as well as ongoing negotiations in the US for a coronavirus relief package.

As of the most recent closing prices, the Nikkei ended down by 0.2% and the Hang Seng ended down by 0.4%.

US stock futures are trading mixed. Nasdaq Futures are trading down by 12 points (down 0.1%), while Dow Futures are trading up by 58 points (up 0.2%).

The rupee is trading at 73.66 against the US$.

Gold ETFs Turn Negative After 7 Months

In news from the commodity space, gold exchange-traded funds (ETFs) offered by domestic mutual funds saw net redemptions of Rs 1.4 billion in November - their first outflow since March.

Between April and October, these funds had seen inflows of nearly Rs 50 billion.

Reports state that the correction in gold prices has discouraged some investors from investing in gold.

1 2 3 4
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.