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Sensex slips below 36000-mark; all eyes now on the Budget

Sensex slips below 36000-mark; all eyes now on the Budget

Brokers said investors took money off the table and adopted a cautious stance ahead of the Union Budget on February 1.

Overseas, European stocks were trading higher as investors monitored corporate earnings.

The stock had hit a high of Rs 325 and a low of Rs 310 so far during the day.

The Nifty50 fell by 80.75 points or 0.73 per cent to close at 11,049.65 points, while the Sensex closed at 36,033.73 points - down 249.52 points or 0.69 per cent.

It hovered in a range of 11,058.50 and 10,979.30. It then lost by 215 points to the day's low of 35,818.41.

The late surge in the market came on back of private bank scrips as the respective sub-index gained more than half a per cent.

Sector-wise, the BSE healthcare index fell the most at 1.62 per cent, followed by FMCG 1.25 %, metal 1.25 %, capital goods 1.12 %, IT 1.10 %, consumer durables 0.98 %, teck 0.86 %, infrastructure 0.56 % and PSU 0.39 %. UK's London's FTSE also moved up 0.08 per cent.

In the Nifty 50 index, Tech Mahindra, Eicher Motors, Hindalco Industries, Kotak Mahindra Bank and Reliance Industries were among the top gainers.

Drug major Dr Reddy's emerged as the worst performer among Sensex constituents by plunging 3.75%, followed by Tata Steel at 3.49%.

The market breadth, indicating its overall health, was in favour of the losers.

"(BSE) declined for another day on Wednesday by 68".

Turnover in the cash segment rose to Rs 37,714.83 crore from Rs 34,631.47 crore as on Tuesday. The Indian rupee was trading little changed against the United States dollar.

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