Iran’s missile strike on US-led forces in Iraq, and weak economic prospects for the current fiscal year 2019-20 kept investor sentiment at bay on Wednesday. Across-the-board selling, led by auto stocks, contained Indian equities in the negative territory.
The benchmark S&P BSE Sensex pared losses in the fag-end of the session, and settled at 40,800.26 level, down 51.73 points or 0.13 per cent. Bharti Airtel, Tata Consultancy Services, and UltraTech Cements were the top gainers today, up 2 to 3 per cent on the index. On the contrary, L&T, ONGC, Hero MotoCorp and Infosys were the top laggards, down between 1.3 and 1.9 per cent. In the intra-day trade, Sensex slipped 393 points to hit a low of 40,476.55. On the NSE, the Nifty50 closed at 12,025.35-mark, down 27.60 points or 0.23 per cent. The broader index hit a low of 11,929.60, down 123.35 points. Sectorally, NIfty IT and FMCG indices gained 0.37 and 0.11 per cent, respectively at close. On the other hand, Nifty Auto index closed 0.75 per cent lower. In the broader market, the S&P BSE mid-cap index inched 0.08 per cent higher at 14,873.91, while the S&P BSE small-cap index closed 0.18 per cent higher at 13,876.68 level.
Nifty Outlook
The benchmark S&P BSE Sensex pared losses in the fag-end of the session, and settled at 40,800.26 level, down 51.73 points or 0.13 per cent. Bharti Airtel, Tata Consultancy Services, and UltraTech Cements were the top gainers today, up 2 to 3 per cent on the index. On the contrary, L&T, ONGC, Hero MotoCorp and Infosys were the top laggards, down between 1.3 and 1.9 per cent. In the intra-day trade, Sensex slipped 393 points to hit a low of 40,476.55. On the NSE, the Nifty50 closed at 12,025.35-mark, down 27.60 points or 0.23 per cent. The broader index hit a low of 11,929.60, down 123.35 points. Sectorally, NIfty IT and FMCG indices gained 0.37 and 0.11 per cent, respectively at close. On the other hand, Nifty Auto index closed 0.75 per cent lower. In the broader market, the S&P BSE mid-cap index inched 0.08 per cent higher at 14,873.91, while the S&P BSE small-cap index closed 0.18 per cent higher at 13,876.68 level.
Nifty50 closed lower at 12025.35 level, -27.60 points, or -0.23 per cent. Nifty Support : 11970 and 11920 Resistance : 12070 and 12140.
