INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Trust a no-trust motion to wreck it all
moved and admitted in the Lok Sabha.
It was then a rush hour moment to take profit
Weakness in the rupee, mixed movement in Asia and continuous FII pullout hastened the fall
The 30-scrip BSE index, which hit a fresh life high of 36,748 early in the day, couldn't stay on top for long and closed down 146.52
points, or 0.40 per cent, at 36,373.44
The 50-share index Nifty settled lower 27.60 points, or 0.25 per cent, at 10,980.45.
"The House will take up the debate (on the motion) on
The discussion will be held for the full day, followed by voting on it," Speaker Sumitra Mahajan said.
Market failed to maintain the initial
positive momentum as the government got the no-confidence motion, adding to the anxiety level of investors, said Vinod Nair, Head of
Research, Geojit Financial Services
Market participants are likely to stay on the sidelines as the no- confidence motion will be taken up on Friday," he added.
Tata Steel (down
5.33 per cent), Hindalco (3.01 per cent), Vedanta (2.95 per cent), UPL (2.54 per cent) and Tata Motors (2.48 per cent) pulled down the Nifty
Indiabulls Housing Finance (up 4.03 per cent), ONGC (2.66 per cent), BPCL (2.25 per cent), HPCL (1.78 per cent) and IOC (1.61 per cent) were
the stars of the day.
Foreign portfolio investors (FPIs) net offloaded shares worth Rs 673.99 crore in the previous session
But domestic institutional investors (DIIs) saved the blushes purchasing shares worth a net of Rs 840.06 crore, NSE data showed.
Sectorwise,
the BSE Metal index went down 3.12 per cent, followed by realty (2.42 per cent) and Telecom (1.85 per cent)
The BSE Oil Gas (up 1.07 per cent) stood out as the only gainer on the exchange.
Asian peers ended mixed even as Federal Reserve Chair
Jerome Powell's upbeat economic view bolstered investors' confidence in the world's largest economy
Shanghai Composite, Hong Kong's Hang Seng and Korea's Kospi all dropped up to 0.35 per cent
Nikkei and Taiwan Weighted ruled firm though
