Sensex Ends 87 Points Lower; IndusInd Bank & Power Grid Top Losers

Indian share markets witnessed volatile trading activity throughout the day today and ended on a flat note.

Benchmark indices edged lower, weighed down by financial and energy stocks amid rising coronavirus cases in the country.

At the closing bell, the BSE Sensex stood lower by 87 points. Meanwhile, the NSE Nifty ended down by 8 points.

In intraday trade today, the Sensex fell over 500 points while the Nifty fell below 14,600.

Tech Mahindra was among the top gainers today. IndusInd Bank, on the other hand, was among the top losers today.

SGX Nifty was trading at 14,860, up by 106 points, at the time of writing.

The BSE Mid Cap index ended up by 1%. The BSE Small Cap index ended higher by 0.7%.

Sectoral indices ended on a mixed note with stocks in the realty sector, IT sector, and FMCG sector witnessing buying interest.

Banking stocks and finance stocks, on the other hand, witnessed selling pressure.

Shares of Adani Enterprises and Adani Gas hit their 52-week highs today.

Asian share markets ended mixed and bonds bounced as a plunge in the Turkish lira sparked talk that capital controls might be needed to stem the rout.

The Nikkei plunged 618 points, down 2.1% while the Hang Seng ended lower by 0.3%.

Turkey's lira slid 15% to near its all-time low after President Tayyip Erdogan's shock weekend decision to oust a hawkish central bank governor sparked fears of a reversal of recent rate hikes and undermined the bank's credibility.

The currency tumbled to as weak as 8.4850 versus the dollar, from 7.2185 on Friday, back to levels touched in early November when it reached an intraday record of 8.58.

US stock futures are trading mixed today. Nasdaq Futures are trading up by 68 points, while Dow Futures are trading down by 89 points.

The rupee is trading at 72.35 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.7% at Rs 44,689 per 10 grams.

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

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