Sensex skids as wary investors weigh macro, liquidity risks
September 26, 2018  17:42
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Benchmark Sensex settled with losses in a choppy session Wednesday as buying sentiment remained subdued amid liquidity concerns in the NBFC space.


Investors also remained on the sidelines ahead of US Federal Reserve's policy outcome as well as expiry of September derivative contracts Thursday, brokers said.


On the global front, crude oil traded above USD 81 per barrel while the trade spat between the US and China showed no signs of easing. The BSE Sensex tumbled 109.79 points to 36,542.27, and the broader NSE Nifty shed 13.65 to close at 11,053.80. IT and FMCG counters came under robust selling pressure, while stock-specific action was seen in banking and financial service sectors.


The 30-share Sensex touched a high of 36,938.74 at the outset after domestic investors pressed on with buying. However, it soon turned choppy and hit a low of 36,357.93. It finally closed lower by 109.79 points, or 0.30 per cent, at 36,542.27. The NSE Nifty closed lower by 13.65 points, or 0.12 per cent, at 11,053.80. Intra-day, it shuttled between 11,145.55 and 10,993.05. -- PTI
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