ECONOMY ANALYSIS
Sensex ends 47 pts down, bulls balk at China crash
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MARKET ANALYSIS
Fag-end buying in select blue-chip stocks helped the S&P BSE Sensex erase some of the intraday losses on Tuesday.
The 30-pack index fell 46.73 points, or 0.17 per cent, to settle the session at 27,831.54. Still the BSE barometer was down 209 points from its intraday high of 28,040.73. HDFC, Coal India and ITC contributed most to the Sensex fall.
The 50-share Nifty index ended the day at 8466.55, down 10.75 points, or 0.13 per cent.
20 of 30 Sensex stocks ended the day in the red.
GAIL was the top Sensex loser, down over 4 per cent.
CNX Bank Nifty fell over 200 points, CNX Metal index lost over 2 per cent in intraday trade.
During the day, most Asian markets ended in the red. China's Shanghai Composite plummeted 6.15 per cent, or 245.50 points, to end the session at 3,748.16. Japan's Nikkei fell 0.32 per cent, or 65.79 points to settle at 20,554.47. Extending the losses, Hong Kong's Hang Seng ended 1.43 per cent down, or 339.68 points, at 23,474.97
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