Sensex drops 202.80 points

Mumbai, Sep 4 (UNI) The BSE Sensex on Wednesday slipped 202.80 points to settle at 82,352.64 on weak global cues coupled with concerns about a slowdown in the U.S. economy.

The National Stock Exchange (NSE) fell 81.15 points at 25,198.70.

The Sensex slumped 710 points to open at 81,845.50. During the day it was lost further 722 pts at 81,833.69, days low. In late trade, it was recovered from days low figure but ended in red only, at 82,352.64, sliding 202.80 pts from its previous close.

Meanwhile, it was registered days high at 82,408.54, down 147 points.

The NSE registered days high and low at 25,216 and 25,083.80 points, respectively.

The stocks that kept the market low were Metal by 1.10 pc, IT by 0.89 pc, Telecommunications by 0.71 pc, and Technology by 0.68 pc.

The midcap fell 0.15 pc, while the small cap fell by 0.26 pc.

In 30 scrips, 11 advanced while 19 declined.

The losers were M&M by 1.29 pc to Rs 2748.60, Axis Bank by 1.20 pc to Rs 1177.50, SBI by 1 pc to Rs 816.50, and ICICI Bank by 0.97 pc to Rs 1235.75.

The gainers were Asian Paints by 2.39 pc to Rs 3229.30, Hind Unilever by 1.74 pc to Rs 2842.50, Ultracemco by 1.31 pc to Rs 11611, and Sun Pharma by 1.18 pc to Rs 1832.45.

Asian Market was seen as weak, as Strait Times slipped by 1.13 pc, Hang Seng by 1.11 pc, and Taiwan Weighted by 4.74 pc.

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