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
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
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
“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
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
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
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
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.