Eco Survey fails to cheer buyers


Mumbai, January 29

The Sensex and Nifty buckled under selling pressure for the sixth session on the trot on Friday as the pre-Budget Economic Survey failed to cheer investors amid continued selling by foreign funds and a bearish trend overseas. Both the benchmark indices fluctuated between gains and losses in a highly volatile session.

26 sensex stocks close in the red

  • On the Sensex chart, 26 shares closed in the red
  • Dr Reddy’s, Maruti, Airtel, Bajaj Auto, Infosys, TCS, NTPC and Bajaj FinServ were the major losers, slumping as much as 5.69%
  • On the other hand, IndusInd Bank, Sun Pharma, ICICI Bank and HDFC Bank ended with gains of up to 5.44%

The 30-share BSE Sensex crashed 588.59 points or 1.26% to finish at 46,285.77 — taking the six-session aggregate loss to 3,506.35 points or 7.04%. Intra-day, the index swung 1,263.20 points.

Likewise, the NSE Nifty furthered its loss by 182.95 points to settle at 13,634.60. Over the last six days, the NSE barometer has shed 1,010.10 points or 6.89%.

On the Sensex chart, 26 shares closed in the red.

Dr Reddy’s, Maruti, Airtel, Bajaj Auto, Infosys, TCS, NTPC and Bajaj FinServ were the major losers, slumping as much as 5.69%.

On the other hand, IndusInd Bank, Sun Pharma, ICICI Bank and HDFC Bank ended with gains of up to 5.44%. — PTI



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