Business

Sensex drops 100 pts on muted earnings, profit-booking

Sensex drops 100 pts on muted earnings, profit-booking

TIL Desk/Business/ Mumbai/The BSE Sensex fell over 100 points to 32,508.42 at the start of the last trading session of the Samvat year 2073 on Wednesday, hit by muted quarterly earnings by some bluechips and profit booking by participants at record levels.

The trend remained mixed in global markets. The 30-share index fell by 100.74 points, or 0.31 per cent, to 32,508.42, with banking, PSU, capital goods, auto, healthare and oil & gas stocks dropping up to 6.6 per cent.

The broad-based Nifty slipped from record by falling 29.30 points, 0.29 per cent, to 10,205.15. Brokers said sentiment turned bearish on unabated foreign fund outflows and lower-than-expected Q2 earnings by some bluechip companies amid profit-booking in recent gainers.

Markets will conduct a special ‘Muhurat’ trading session tomorrow between 1830 hrs and 1930 hrs on the auspicious occasion of Diwali.

Leave a Reply

Your email address will not be published. Required fields are marked *