Indian benchmarks extended losses for the third session on Thursday by declining over 572 points on heavy selling in IT and auto stocks amid weak global cues. Sentiments took a hit after broader Asian markets weakened, following a Canadian authority arrested a top executive of Chinese tech giant Huawei for extradition to the United States, feeding fears of a fresh flare-up in tensions between the two superpowers. China on Thursday urged Canada and the United States to “clarify” the reason a senior Huawei executive had been detained in Vancouver.
The rupee traded on a weak note during the day, breaching the 71-mark against the US dollar to hit 71.14 amid strengthening of the greenback. However, crude oil futures were at $61.35 per barrel, down 21 cents, or 0.3 per cent from their last close after a statement by Saudi Energy Minister. Meanwhile, foreign institutional investors (FPIs) sold shares worth a net of Rs 357.82 crore, while domestic institutional investors (DIIs) offloaded shares worth Rs 791.59 crore Wednesday, as per provisional data.
The 30-share benchmark index closed at 35312.13 down by -572.28 points or by -1.59 per cent, while the NSE Nifty was at 10601.15 down by -181.75 points or by -1.69per cent. During the day’s trade, Sensex touched intraday high of 35707.23 and intraday low of 35266.76 The NSE Nifty touched intraday high of 10722.65 and intraday low of 10588.25.
The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 420.10,+1.57%), among others.
The top losers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 7209.70,-4.63%), Tata Motors Ltd. (Rs. 88.60,-4.22%), Tata Motors Ltd. (Rs. 162.40,-4.02%), YES Bank Ltd. (Rs. 168.30,-3.08%), Adani Ports & Special Economic Zone Ltd. (Rs. 363.90,-2.74%), among others.
Among the sectors Power index was at 1900.96 up by -12.52 points or by -0.65%. Siemens Ltd. (Rs. 924.55,+1.90%), NHPC Ltd. (Rs. 26.40,+1.34%), KEC International Ltd. (Rs. 276.45,+0.95%),.
On the flip side, Auto index was at 19824.18 down by -457.98 points or by -2.26%. Maruti Suzuki India Ltd. (Rs. 7209.70,-4.63%), TVS Motor Company Ltd. (Rs. 531.60,-4.17%), Balkrishna Industries Ltd. (Rs. 896.80,-4.09%), Tata Motors Ltd. (Rs. 162.40,-4.02%), Eicher Motors Ltd. (Rs. 22295.05,-2.32%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2862 , shares advanced were 819 while 1887 shares declined and 156 were unchanged.