Sensex closes down 18 points

After remaining volatile throughout the session,Sensex ended with a loss over 18 points.

After remaining volatile throughout the session,the Bombay Stock Exchange benchmark Sensex ended with a moderate loss over 18 points on selling in heavy-weight stocks triggered by reports of a further rise in food inflation and negative cues from European markets.

The Sensex,which had a gap-down opening fluctuated between 16,979.52 and 16,826.00 points,settled with a loss of 18.52 points at 16,894.25,as the DLF,Maruti and Reliance Industries counters came under heavy selling pressure.

Selling pressure gathered momentum soon after the latest weekly data showed that food inflation further rose to touch 19.95 per cent for the week ended December 5 from 19.05 per cent in last week,which fuelled the fears of the markets that the RBI would tighten liquidity.

Story continues below this ad

The wide-based National Stock Exchange index Nifty fell by 0.30 point to 5,041.75 points,after touching the day’s low of 5,013.15 and a high of 5,064.20 points.

The key index witnessed heavy selling in the last 30 minutes of the trade. A weak opening of the European stock markets further fuelled the negative sentiment.

Among the 30 Sensex scrips,16 ended with moderate gains while 14 ended with moderate to heavy losses.

The Reliance Industries dropped by Rs 12.90 to Rs 1,034.05,DLF by Rs 14.05 to Rs 365.35 and Maruti by Rs 18.20 to Rs 1,552.35. All the three stocks carry nearly 17 per cent weight on the Sensex.

Story continues below this ad

DLF,which was the largest loser today,fell after it said it will list a real estate investment trust when the markets are right. However,some gains in information technology and metal stocks saved the market from any major fall.

Tags:
BSE
NIFTY
NSE
Sensex

H-1B visa fee hike, US H-1B visa policy, $100000 H-1B visa fee, India response to H-1B fee, humanitarian impact H-1B visa, Indian government on H-1B, Randhir Jaiswal H-1B statement, Indian IT companies H-1B visas, Infosys H-1B approvals, TCS H-1B visa employees, Wipro H-1B visa applications, HCL H-1B workforce, US visa restrictions 2025, H-1B visa deadline September 21, Microsoft H-1B travel advisory, Amazon H-1B visa holders, JP Morgan H-1B guidance, H-1B visa program abuse, Indian skilled workers in US, USCIS H-1B data 2023

‘I don’t know what awaits me in the US’: The lives upended by Trump’s H-1B proclamation

India4 hr ago

The recent imposition of a $100,000 fee on H-1B visas by Trump has caused chaos and uncertainty for Indian families in Dubai, leading many to rush back to the US. This has particularly affected Telugu-speaking Indians, with the Telangana IT Minister seeking intervention from the Centre.

View all shorts

Live Blog