Sensex Closes 109 Points Lower, Nifty Settles At 11,053: 10 Things To Know

NDTV Profit Team

26 Sep 2018, 05:51 PM IST

Nineteen out of 30 Sensex stocks finished the session in the red.

Nineteen out of 30 Sensex stocks finished the session in the red. Prominent losers in the 30-share Sensex pack were TCS (-1.91%), Maruti (-1.99%), SBIN (-2.31%), ITC (-2.67%), Wipro (-2.91%) and Tata Motors (-3.15%).
Main laggards on NSE Nifty were Tata Motors (-3.09%), SBIN (-2.92%). Infratel (-2.77%), ITC (-2.67%) and Wipro (-2.57%).
Information technology majors Tata Consultancy Services and Infosys fell 1.65 per cent and 0.87 per cent, respectively.
On the other hand, major gainers in the Sensex pack were Vedanta (+4.70%), Yes Bank (+1.73%), Reliance (+1.72%), Tata Steel (+1.52%), Larsen & Tourbo (+1.05%) and ICICI Bank (+0.87%). Indiabulls Housing Finance (+6.81%), UPL (+6.13%), Vedanta (+4.84%), Titan (+2.53%) and Hindalco (+1.95%) led the pack of Nifty gainers.
Private-sector lender Yes Bank closed 1.73 per cent higher, a day after the bank sought extension in CEO Rana Kapoor's term.
Investors awaited policy cues from the US central bank, which is widely expected to raise interest rates.
The downside was limited due to fund inflows from institutional investors. On a net basis, domestic institutional investors (DIIs) bought shares to the tune of Rs 2,284.26 crore while foreign institutional investors (FIIs) sold shares worth Rs 1,231.70 crore on Tuesday, provisional data showed.
The Cabinet approved a new policy for the telecom sector. The government expects to attract $100 billion in investments in the sector, Telecoms Minister Manoj Sinha said.
The government and regulators will make every effort to prevent the risk of 'contagion' in credit markets resulting from a scare caused by Infrastructure Leasing & Financial Services (IL&FS) and Dewan Housing Finance, reported news agency Reuters quoting a senior government advisor.
Infrastructure Leasing & Financial Services (IL&FS) revealed a series of delays and defaults on debt obligations and inter-corporate deposits in recent days, triggering a sell-off in stocks of non-banking finance companies. (With inputs from agencies)