MARKET WRAP: Sensex loses 134 pts on weak global cues, sell-off in metals

The S&P BSE Sensex lost 134 points or 0.37 per cent to settle at 36,445, with Sun Pharma (up 4.54 per cent) being the top gainer and Vedanta (down nearly 4 per cent) the worst laggard.

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In line with Asian peers, the domestic equities ended in the negative territory on Tuesday as concerns about global economic slowdown weighed on investor sentiment. This apart, selling in counters such as metals, financials and auto also dragged the market lower.

The S&P BSE Sensex lost 134 points or 0.37 per cent to settle at 36,445, with Sun Pharma (up 4.54 per cent) being the top gainer and Vedanta (down nearly 4 per cent) the worst laggard. On NSE, the benchmark Nifty50 index dropped 39 points or 0.36 per cent to close the session at 10,923.

In the broader market, the S&P BSE MidCap index ended 14 points down at 14,925.27, while the S&P BSE SmallCap indexnlost 71 points to settle at 14,332.

BUZZING STOCKS

Shares of Prabhat Dairy had a roller-coaster ride during the day. After hitting an upper circuit limit of 20 per cent in the early trade, the stock ended over 14 per cent lower at Rs 79.75. It hit 52-week low of Rs 77.50 apiece in the intra-day trade.The stock reacted after the company announced that global dairy major Lactalis will buy its milk business.

Sun Pharma shares rallied as much as 6.12 per cent in the intra-day trade after the company made a series of clarifications and changes in its filing to the bourses. The stock, eventualy, ended at Rs 418.05 apiece on BSE, up 4.95 per cent.

Shares of Ashok Leyland continued under pressure, hitting a 20-month low of Rs 86.55 apiece, down 4.5 per cent on the BSE, on concerns of a slowdown in vehicle sales. The stock ended the day at Rs 88 apiece, down nearly 3 per cent.

Global Markets

Asian shares stumbled and oil prices fell on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling ticked lower in the face of the latest twists and turns in the Brexit saga.

Losses were led by Chinese shares, with the blue-chip index off 1.2 per cent. Hong Kong's Hang Seng index was down more than 1 per cent and Australia's main share index faltered 0.5 per cent.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.9 per cent on Tuesday, drifting away from a recent seven-week top. Japan's Nikkei, which had opened firmer, skidded 0.7 per cent.

Oil Prices

Oil prices fell by around one percent on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand.

International Brent crude oil futures were at $62.09 per barrel, down 65 cents, or 1 per cent, from their previous close. US West Texas Intermediate (WTI) crude futures were at $53.22 per barrel, down 1.1 per cent, or 58 cents.

(with Reuters input)

3:40 PM

Sectoral gainers and losers on NSE

3:38 PM

Gainers and losers of the day on BSE Sensex

3:33 PM

Market at close

The S&P BSE Sensex ended at 36,445, down 134 points or 0.37 per cent, while the broader Nifty50 index settled at 10,923, down 39 points or 0.36 per cent.

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Market check

Index	Current	Pt. Change	% Change

S&P BSE SENSEX	36,381.43	-197.53	-0.54

S&P BSE SENSEX 50	11,402.44	-53.24	-0.46

S&P BSE SENSEX Next 50	32,274.35	+14.45	+0.04

S&P BSE 100	11,155.62	-44.14	-0.39

S&P BSE Bharat 22 Index	3,396.09	-15.11	-0.44