Mumbai, India (BBN) – The Indian domestic markets continued to be volatile.
At about 3:10pm, the 30-share barometer was down 68.32 points or 0.26 per cent at 26,534.52, reports The Hindu Business Line.
Similarly, the Nifty was down 22.25 points or 0.27 per cent at 8,160.20.
The Sensex see-sawed 330 points as it hit a high of 26,737.86 and a low of 26,407.58 in intra-day trade.
The 30-stock gauge had lost about 95 points in the previous session.
Top 5 gainers on Sensex: TCS (+2.2%), Axis Bank (1.9%), ONGC (+1.6%), M&M (+0.92%) and SBI (0.84%).
Sun Pharma (-4.28%), NTPC (-2.2%), Tata Motors (-1.8%), ITC (-1.5%), and Bharti Airtel (-1.4%) were among the major losers.
Asian bourses continued to trade weak as the US Fed hiked interest rates by a quarter percentage point and indicatedmore to come next year.
A report by IFA Global said “Asian stock markets are trading on a negative note, with Hang Seng index trading lower by 372 points and Nikkei index is trading lower by 28 points after Fed hikes rates but remains measured about growth.US stock markets closed on a negative note, the Dow Jones Industrial Average closed lower by 118 points and Nasdaq index closed lower by 27 points. U.S. equities closed lower after Federal Reserve, in line with expectation, rose rates by 25bps.European stock markets closed on a negative note, with FTSE closed lower by 19 points and CAC lower by 34 points. European markets ended the day lower after industrial production contracted in October compared to contraction of 0.9% in the previous month.”
BBN/SS/AD