Investors turn negative ahead of inflation data as Sensex tanks above 200 points

Published On: 12, Dec 2017 | Source: Timesofindia

NEW DELHI: The equity markets snapped its 3-day bull run as investors took to profit booking ahead of inflation data for November, slated to be released later in the evening.

30-share BSE Sensex lost 227.80 (0.70 per cent) points to close on 33,227.99. 50-share NSE Nifty slipped 0.80 per cent to close on 10,240.15, down by 82.10 points. Both the benchmark indices opened with losses in Tuesday's early trade and kept extending the losses.

The Street has been going through a volatile spell as it has been repeatedly witnessing massive intra-day gains and losses around the psychological mark of 33,000.

On Tuesday, all the sectoral sub-indices finished with losses as bank and FMCG stocks bled the most. Dr. Reddy, Adani Ports and ONGC emerged as the gainers on an otherwise disappointing day. Hindustan Petroleum, Infratel and BPCL lost the most.

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