Sensex fell 51 points to 62130 in narrow fluctuations

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MUMBAI: Indian stock markets were also subdued at the end of a narrow range, with overall softness in global markets as Covid cases rose again at a sharp pace in China amid reports of a global economic slowdown. The market remained in the negative zone at the end of a narrow range, with funds selling and offloading in stocks including IT-software services, technology stocks and continued negative impact of Credit Suisse's weak estimates for the IT industry. However, gains in capital goods, oil-gas stocks limited the decline today. The Sensex closed 51.10 points lower at 62130.57 and the Nifty spot 0.55 points higher at 18497.15 at the end of the narrow range. The international prices of crude oil continued to fall, Brent fell by 69 cents to 75.41 dollars and Nymax crude fell by 63 cents to close to 70.39 dollars.

Funds, operators continued profit booking in small, mid-cap stocks: 1867 stocks closed negative

Market breadth remained negative as funds in small, mid-cap, cash stocks, operators continued offloading and continued extensive selling today. Out of total 3786 scrips traded in BSE, the number of decliners was 1867 and the number of gainers was 1746.

Consumer index falls by 396 points: Dixon falls by Rs.114 to Rs.3990: Rajesh, Havels fall

The BSE Consumer Durables index fell 395.82 points to close at 40,405.99 amid a sell-off in fund stocks today amid reports of subdued demand for consumer durables. Dixon Technology fell by Rs.114.10 to Rs.3990.30, Rajesh Exports fell by Rs.15.45 to Rs.706.05, Havells India fell by Rs.16.35 to Rs.1166.95, Titan Company fell by Rs.32.30 2583, CG Consumers decreased by Rs.3.40 to Rs.351.50.

Earnings estimates continue to weaken in IT stocks: L&T Technology, Sonata, Infosys fall

IT stocks continued to sell off today amid cutbacks in earnings growth estimates for IT-software services, technology companies and a cautionary report for the Indian IT industry by Credit Suisse. L&T Technology fell by Rs.97.50 to Rs.3884.20, Explio Solutions fell by Rs.27.90 to Rs.1246.40, Imudra fell by Rs.6.25 to Rs.311.95, Infosys fell by Rs.21.75 Rs.1547.10, Tata Alexey fell by Rs.52.60 to Rs.6692.50.

FPI/FII's net sale of Rs.139 crore in cash : DII's net purchase of Rs.695 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs had a net sale of Rs.138.91 crore shares in cash segment today-Monday. A total of Rs.7121.33 crore was sold against a total purchase of Rs.6982.52 crore. While DII-domestic institutional investors made a net purchase of Rs.695.60 crore in the cash segment today. A total of Rs.4612.25 crore was sold against a total purchase of Rs.5307.85 crore.


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