Sensex drops over 100 points to slip below 34000 mark in early trade amid weak domestic sentiment
Sensex drops over 100 points to slip below 34000 mark in early trade amid weak domestic sentiment
The 30-share Barometer Dropped By 130.54 Points, Or 0.38 Per Cent, To 33,880.22 In Early Trade Led By Fall In Tata Steel, SBI, Reliance Industries And L&T. PTI | Updated on: 19 Feb 2018, 10:51:26 AM
New Delhi:
The benchmark BSE Sensex fell over 100 points to slip below the 34,000-mark in early trade today, extending Friday s losses as investors cut bets amid weak domestic sentiment and absence of Asian cues.
The 30-share barometer dropped by 130.54 points, or 0.38 per cent, to 33,880.22 in early trade led by fall in Tata Steel, SBI, Reliance Industries and L&T. The gauge had lost 286.71 points in the previous on Friday.
The country s leading paint maker is also concerned about the inflationary pressure on the input materials in its product segments, said Asian Paints in the annual report
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Shares of Asian Paints and Berger Paints India hit their respective record highs on the BSE in intra-day trade on Tuesday on expectation of strong volume growth to sustain, riding the potential demand shift from unorganised segment.
Asian Paints (up 3.5 per cent to Rs 2,917.10) and Berger Paints India (up 2.5 per cent at Rs 827.30) up over 2 per cent on the BSE, surpassed their respective previous highs of Rs 2,871.40 and Rs 824.80, respectively, touched on January 11, 2021. In the past one month, these stocks have outperformed the market by surging 15 per cent each, as compared to 6 per cent gain in the S&P BSE Sensex.