Indian benchmarks end the volatile week on weak note

Indian equity indices ended volatile day of trade on lower note on Thursday, tracking tepid cues from global markets and foreign fund outflow. Key equity indices traded flat with negative bias in morning deals, as traders remained cautious with the Reserve Bank of India (RBI) Governor Shaktikanta Das’ statement that the coronavirus outbreak will have a limited impact on India but the global GDP and trade will definitely get affected due to the large size of the Chinese economy.

The BSE Sensex ended at 41167.60, down by 155.40 points or 0.38 per cent after trading in a range of 41134.31 and 41399.93. The BSE Mid cap index rose 0.46 per cent, while the small cap index was up by 0.55 per cent. The sectoral indices which gained were metal up by 0.98 per cent, power up by 0.63 per cent, PSU up by 0.57 per cent and telecom up by 0.33 per cent, while energy down by 0.90 per cent, IT down by 0.80 per cent, Oil & Gas down by 0.76 per cent, TECK down by 0.66 per cent and Consumer Durables down by 0.64 per cent were the top losing indices on BSE.

The top gainers on the Sensex were Indusind Bank up by 3.68 per cent, SBI up by 2.61 per cent, Tata Steel up by 2.54 per cent, Power Grid up by 1.68 per cent and ONGC up by 1.18 per cent. On the flip side, Asian Paints down by 2.45 per cent, Hindustan Unilever down by 1.91 per cent, TCS down by 1.76 per cent, Nestle down by 1.47 per cent and Tech Mahindra down by 1.43 per cent were the top losers.