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Sensex slumps 270 points, Nifty falls below 10,700 mark

The BSE Sensex slumped 271.92 points or 0.76 percent to end at 35,470.15.

Sensex slumps 270 points, Nifty falls below 10,700 mark

New Delhi: Markets ended in red following its Asian peers as investor sentiments were weighed by uncertainty due to a partial US government shutdown.

The BSE Sensex slumped 271.92 points or 0.76 percent to end at 35,470.15. The gauge had plunged 572.04 points on Friday. The NSE Nifty fell below 10,700 mark by dropping 90.50 points or 0.84 percent to 10,663.50.

Heavy selling in pressure was seen in realty, consumer durables, metal and auto counters.

Hero MotoCorp suffered the most on Sensex by falling 4.27 percent, followed by Bajaj Auto shedding 3.11 percent. Other losers included NTPC, HDFC, Vedanta, Asian Paints, Tata Motors, HCL Tech, HDFC Bank, Bajaj Finance, Coal India, PowerGrid and Tata Steel.

Bucking the trend, stocks such as M&M, TCS, Kotak Bank, Infosys, Bharti Airtel and SBI ended in the positive zone with gains of up to 1.03 percent

On a net basis, domestic institutional investors (DIIs) sold shares worth Rs 488.55 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 134.14 crore on Friday, provisional data showed.

Markets will remain closed Tuesday on account of Christmas.

With Agency Inputs