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Sensex nears four-month low on global cues

The BSE Sensex fell 0.35 percent to 27,430.28 after earlier falling as much as 0.46 per cent to hit its weakest since July 11. The broader NSE index fell 0.34 percent to 8,484.95 after also hitting its lowest since July 11 earlier in the session.

BT Online   New Delhi     Last Updated: November 3, 2016  | 17:47 IST
Sensex nears four-month lows on global cues

The market fell for a third consecutive session on Thursday to hit more than 3.5 month lows as investor sentiment remained weak over uncertainties about the outcome of the US elections next week.

The BSE Sensex fell 0.35 percent to 27,430.28 after earlier falling as much as 0.46 per cent to hit its weakest since July 11.

The broader NSE index fell 0.34 percent to 8,484.95 after also hitting its lowest since July 11 earlier in the session.

The Jindal Steel and Power stock closed lower on Thursday after the firm said it failed to pay Rs 15.43 crore interest on non convertible debentures (NCDs), which was due on October 31. The stock closed 1.61 per cent lower at Rs 73.50.

The Zensar Technologies stock fell a day after it acquired Foolproof for an undisclosed amount. The stock closed 4.04 per cent or 42.40 points lower at Rs 1,006 on the BSE.

Top losers on the BSE were TTK Prestige falling (8.73%), Intellect Design Arena (7.88 per cent) and CESC (5.40 per cent) among others.

GVK Power and Infra rose the most on BSE (10.30 per cent) followed by Strides Shasun (7.24 per cent) and  Bharti Infratel(4.04 per cent).

On the Sensex, Hero MotoCorp ended higher (1.66 per cent) followed by ITC (1.29 percent) and Dr Reddy's (0.71 per cent).

Adani Ports and ONGC were the top losers falling 3.92 per cent and 3.53 per cent, respectively on the Sensex.

Market breadth was negative with 389 stocks falling against 109 rising on the BSE 500.

The US Federal Reserve left interest rates unchanged as widely expected. Although, with the narrowing gap between the presidential candidates, Hillary Clinton and Donald Trump, along with a possible rate hike in December, took a hit on investor sentiment. 

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