Sensex ends 193 pts lower, Nifty holds 11,900; Indiabulls Housing falls 7%

MUMBAI: Indian indices finished the day on negative note with Nifty able to hold 11,900 level. At close, the Sensex was down 193.65 points at 39,756.81, while Nifty was down 59.40 points at 11,906.20. About 1022 shares have advanced, 1462 shares declined, and 164 shares are unchanged.

Indiabulls Housing, Bharti Infratel, Yes Bank, Tech Mahindra and Maruti Suzuki were major losers on the Nifty, while gainers were Tata Steel, GAIL, ONGC, Vedanta and Britannia Industries.

Among the sectors, except metal and FMCG all other indices ended lower led by pharma, auto, bank, energy and infra.

The dollar edged lower for a second consecutive day on Wednesday on growing expectations of a US rate cut next week while high-yielding currencies suffered due to ongoing trade tensions.

Oil prices fell nearly 2% on Wednesday, weighed down by a weaker demand outlook and a rise in US crude inventories despite growing expectations of ongoing OPEC-led supply cuts.

Benchmark indices have recovered from the lows but trading lower with Nifty around 11,900 level.

At 15:04 hrs IST, the Sensex is down 197.64 points or 0.49% at 39752.82, and the Nifty down 63.70 points or 0.53% at 11901.90. About 953 shares have advanced, 1421 shares declined, and 137 shares are unchanged. (IANS)

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