New Delhi, Jan 23 : Markets ended in red on Wednesday as global stocks melted over concerns of slowing global economy and the ongoing US-China trade tension.
The BSE Sensex tanked over 336 points or 0.92 percent to end at 36,108.47 in choppy trade while the NSE Nifty tumbled 91.25 points or 0.84 per cent, to close at 10,831.50.
Intra-day Sensex touched a high of 36,521.47 and low of 36,037.90. The gauge had lost 134.32 points in the previous session. The NSE Nifty shuttled between 10,811.95 and 10,944.75.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 78.53 crore Tuesday, while domestic institutional investors (DIIs) sold shares worth Rs 84.15 crore, provisional data showed.
Meanwhile, Markets opened flat on tepid global cues while the NSE Nifty managed to hold on to 10,900 level.
In early trade the BSE Sensex jumped 21.69 points or 0.06 percent to 36,466.33 while the NSE Nifty edged higher by 14.25 points or 0.13 percent to 10,937.00.
Sectorwise, the BSE metal, oil & gas, FMCG, PSU, healthcare and banking indices rose up to 1.05 percent.
Major gainers were Yes Bank, Tata Steel, HUL, Vedanta, SBI, Maruti Suzuki, Bajaj Fiannce, ITC, Bharti Airtel, RIL, ICICI Bank, ONGC, NTPC, PowerGrid, Axis Bank and Asian Paint, rising up to 2.03 percent.
However, Infosys, Kotak Bank, TCS, HDFC, Hero MotoCorp, IndusInd Bank and Coal India fell up to 0.84 percent.
Meanwhile, foreign portfolio investors (FPIs) continued their selling activity on domestic bourses here. They sold shares worth a net Rs 78.53 crore, while domestic institutional investors (DIIs) sold shares worth Rs 84.15 crore Tuesday, provisional data showed.
Asian stocks edged down on Wednesday on mounting signs of slowing global growth and anxiety over a yet-unresolved Sino-US trade dispute, a Reuters report said.
Japan`s Nikkei dropped 0.7 percent while MSCI`s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent. On Wall Street, the S&P 500, the Nasdaq and the Dow all posted their biggest one-day percentage drops since Jan. 3 on Tuesday. The S&P lost 1.42 percent.
