Sensex falls to 3-month low

Sensex falls to 3-month low
Highlights

Even metal shares also reeled under selling pressure after China releasing weak China trade data, dampening investor sentiments.

Parliament logjam, oil prices hit markets

Mumbai: The stock markets have extended losses for the fifth consecutive session on Tuesday. The benchmarking indices declined three-month low following selling pressure from oil exploration companies like RIL and ONGC over no agreement reached in OPEC meet.

Even metal shares also reeled under selling pressure after China releasing weak China trade data, dampening investor sentiments.

Sensex ended down by 219 points at 25,310 and Nifty closed at 7,701, fell by 63 points. Also broader markets ended on negative note with midcap and smallcap indices were down upt to 1 per cent. On the sectoral front, the sectors like bank, metals, infra, oil and pharma fell drastically.

The metal shares come under selling pressure as the Chinese trade date released for the month of November appears to be weak. Hindalo, Vedanta, Tata Steel and Coal India shares fell up to 3 to 5 per cent.

From oil space, the shares were trading lower after global oil prices fell to its low in about 7 years. Oil majors RIL, ONGC, Cairn India and Oil India fell between 1 to 6 per cent.

The gainers: Tata Motors, up 0.74 per cent at Rs 401.90; Bajaj Auto, up 0.55 per cent at Rs 2,462.45; ITC, up 0.53 per cent at Rs 315.20; and Tata Consultancy Services (TCS), up 0.23 per cent at Rs 2,329.50.

The losers: Gail, down 5.05 per cent at Rs 339.50; Vedanta, down 4.60 per cent at Rs 87.10; Hindalco Industries, down 4.35 per cent at Rs 75.90; Tata Steel, down 3.61 per cent at Rs 234.75; and ONGC, down 3.57 per cent at Rs 216.10.

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