Sensex slips in cautious trade ahead of F&O, GDP data

Sensex slips in cautious trade ahead of F&O, GDP data

Futures and Options expiry: Market entered the bearish phase today, amid nervousness prevailing since opening ahead of the derivatives expiry today. The NSE Nifty50 closed 8.95 points or 0.09 per cent lower at 10,361.30 points, while the BSE Sensex closed at 33,602.76 points - down 15.83 points or 0.05 per cent.

All BSE sectoral indices were trading in the negative zone.

The benchmark BSE Sensex tumbled 453.41 points or 1.35 percent to 33,149.35, while the broader Nifty index ended down 134.75 points or 1.30 percent at 10,226.55.

HDFC Bank fell 0.9 percent after gaining in the last four sessions while ICICI Bank Ltd slipped more than 1 percent. Nifty PSU Bank, Private Bank, Financial Services, Auto, Metal, Pharma and FMCG index fell over by 1.5% respectively.

Others on the losing side included Asian Paints, SBI, TCS, Kotak Bank, Dr Reddy's, Tata Motors, Hero MotoCorp, NTPC, Cipla, Infosys and M&M, falling up to 1.18 per cent.

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Investors were also cautious ahead of the key fiscal deficit and gross domestic product data due later in the day.

PSU banks appeared to be under pressure as the likelihood of interest rates falling further from current levels has been postponed. Domestic institutional investors (DIIs) bought equities worth Rs 771.07 crore.

Globally, Asian stocks fell broadly as weakness in tech stocks following the overnight pullback by the tech-heavy Nasdaq overshadowed positive manufacturing data from China.

In the United States, the Nasdaq Composite dropped 1.27 per cent as investors shifted to financials and other sectors even as the S&P 500 was nearly flat and the Dow Jones Industrial Average gained 0.44 per cent.

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