Markets closes on lower notes, Nifty50 reclaims 11k-mark

Sensex

Mumbai, Jan 31: Key Indian equity indices on Wednesday recovered from their day’s low to provisionally close in the red with the Nifty50 reclaiming the psychologically important 11,000-level.

The wider Nifty50 of the National Stock Exchange (NSE) fell by 21.95 points or 0.20 percent to provisionally close (at 3.30 p.m.) at 11,027.70 points.

However, the barometer 30-scrip Sensitive Index (Sensex) of the BSE closed below the 36,000-mark at 35,965.02 points — down 68.71 points or 0.19 percent from its previous close.

The BSE market breadth was bearish as 1,731 stocks declined against 1,091 advances.

According to market observers, negative global cues, coupled with heavy selling pressure in healthcare, consumer durables and capital goods stocks, pulled the key Indian equity indices lower for the second consecutive session.

Besides, investors turned cautious and booked profits ahead of the presentation of the Union Budget 2018-19 on Thursday.

On Tuesday, the equity indices closed in the red on profit booking and weak global cues.

The Nifty50 fell by 80.75 points or 0.73 percent to close at 11,049.65 points, while the Sensex closed at 36,033.73 points — down 249.52 points or 0.69 percent.

IANS

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