Mumbai, Jun 1 (PTI) Benchmark Sensex remained range-bound

in choppy trade today, ending a shade lower at 31,137.59 as

investors preferred to stay light amid a drumbeat of grim

macroeconomic data.

The 30-share index shed 8.21 points, or 0.03 per cent, to

end at 31,137.59 after shuttling between 31,213.12 and

31,062.02.

The broader NSE Nifty too finished 5.15 points, or 0.05

per cent down at 9,616.10 after slipping below the 9,600-mark

to touch a low of 9,589.90.

Sentiment was dented following a slew of disappointing

macroeconomic data, brokers said.

India lost the tag of the fastest growing major economy

to China in the March quarter with a GDP growth of 6.1 per

cent, which pulled down the 2016-17 expansion to 7.1 per cent.

The growth of eight core sectors declined to 2.5 per cent

in April, while manufacturing PMI slumped to a three-month low

in May.

“Market may consolidate as a slow pace in economic growth

at 6.1 per cent in Q4 FY17 and a slip in April eight core

sector growth to 2.5 per cent has dampened investor sentiment.

“At close, the market covered some losses on expectation

that RBI is likely to be less hawkish than it was in the

previous policy on account of moderation in inflation and slow

growth,” said Vinod Nair, Head of Research, Geojit Financial

Services.

Meanwhile, foreign portfolio investors (FPIs) bought

shares worth Rs 1,048.93 crore, while domestic institutional

investors (DIIs) sold shares worth a net Rs 939.54 crore

yesterday, as per provisional data.

Asian markets ended mixed. Shanghai Composite Index

declined 0.50 per cent, South Korea ended 0.12 per cent lower,

while Japan’s Nikkei gained 1.07 and Hong Kong’s Hang Seng

rose up 0.58 per cent.

European markets were higher as investors eyed oil prices

and next week’s UK elections.

In Europe, Paris CAC gained 0.66 per cent, Germany’s

Frankfurt DAX was up 0.50 per cent and London’s FTSE rose 0.38

per cent.

Back home, the S&P BSE Mid-Cap index provisionally rose

0.48 per cent, while the Small-Cap index advanced 1.02 per

cent. Both these indices outperformed the Sensex.

Among the sectoral indices, oil&gas tumbled 1.58 per

cent, energy 1.10 per cent, metal 1.12 per cent, bankex

0.48 per cent, power 0.26 per cent and utilities 0.25 per

cent.

On the other hand, FMCG gained 1.18 per cent, healthcare

1.17 per cent, capital goods 0.92 per cent, industrials 0.75

per cent and consumer durables 0.47 per cent.

In the 30-share Sensex pack, 14 ended with losses, while

16 rose.

Major laggards included ICICI Bank which slumped 1.92 per

cent, followed by ONGC 1.81 per cent, Gail 1.77 per cent, Tata

Steel 1.39 per cent, Bharti Airtel 1.25 per cent, Maruti 0.99

per cent, Lupin 0.95 per cent, Axis Bank 0.91 per cent and

Reliance 0.90 per cent.

Smart movers included Adani Ports which gained 3.20 per

cent, HUL 2.68 per cent, L&T 1.82 per cent, Sun Pharma 1.42

per cent, ITC 0.87 per cent, Wipro 0.86 per cent, HDFC 0.79

per cent and Coal India 0.68 per cent.

The market breadth remained positive as 1,412 stocks

ended higher, 1,267 finished in red while 179 ruled steady

The total turnover fell to Rs 3,385.87 crore from

Rs 4,066.28 crore yesterday.

This is published unedited from the PTI feed.