Sensex down by 281 pts, 3-week-low

Sensex down by 281 pts, 3-week-low

Sensex down by 281 pts, 3-week-low

The loss in BSE capital goods was maximum at 1.41 per cent, followed by telecom, infrastructure and PSU. The Nifty50 fell by 96.80 points, or 0.94 per cent, to close at 10,224.95 points while the S&P BSE Sensex closed at 33,033.56 points - down 281 points or 0.84 per cent.

Indian markets are likely to start Monday's session on a flat note, with the SGX Nifty on the Singapore Exchange trading 9 points lower at 10,333.

The markets turned negative after government data showed a rise in both consumer and wholesale inflation, according to Mint.

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Sensex of the BSE, which opened at 32,990.03 points, closed at 32,941.87 points - down 91.69 points or 0.28 per cent - from Monday's close.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Volatility emerged as hopes of a near-term rate cut by the RBI has faded, given the spike in October CPI inflation to 3.58 per cent".

On the currency front, the rupee closed flat at 65.42 against the United States dollar from its previous close.

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The top gainer on both indices was Hero MotoCorp, whose share prices rose 2.1% on the Nifty and 1.96% on the Sensex.

Biggest losers in the 30-share index were Adani Ports and Special Economic Zone (1.29%), TCS (1.24%), Tata Motors (1.21%) and Coal India (1.20%). "Oil remained well supported as ongoing output cuts led by the Organisation of the Petroleum Exporting Countries (OPEC) and Russian Federation contributed to a significant reduction in excess supplies, also as tensions in the Middle East raised the prospects of supply disruptions", Desai told IANS.

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