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Sensex extends weakness, down over 150 points; Tech Mahindra, Reliance fall

The domestic stock market remained weak as 2019 is coming to an end amid muted activity worldwide amid year-end holidays.

The equity benchmark Sensex on Tuesday fell over 200 points in the early trade tracking weak global cues as holiday week sees muted trade. The 30-share BSE index fell 167.26 points or 0.40 per cent to 41,390.74, and the broader NSE Nifty tumbled 58.10 points or 0.47 per cent to 12,200.55. In the last session, the 30-share gauge ended 55.30 points, or 0.45 per cent, lower at 41,558. The Nifty, however, closed 10.05 points, or 0.08 per cent, higher at 12,255.85. Power Grid was the top gainer in the Sensex pack, followed by Titan, Axis Bank, NTPC and Bajaj Finance. On the other hand, Tech Mahindra was the top loser. IndusInd Bank, Kotak Mahindra Bank Ltd, Reliance Industries Ltd and ICICI Bank were also trading in the red.

The domestic stock market remained weak as 2019 is coming to an end amid muted activity worldwide amid year-end holidays, news agency PTI reported citing unidentified traders. The brent futures tumbled 0.07 per cent to $66.62 per barrel. The rupee gained4 paise to 71.27 against the US dollar in the early trade.

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Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 130.52 crore, while domestic institutional investors purchased shares worth Rs 201.32 crore on Monday, data available with the stock exchange showed.

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Source: Financial Express