Sensex ends negative at 51,934.88; falls 2.56 pts

Mumbai, Jun 1 (Agency) Snapping a gaining streak of last four sessions, the BSE Sensex on Tuesday fell marginally by 2.56 pts to settle at 51,934.88 on profit booking by local operators. Cut in GDP growth forecast by global agency Moody’s also impacted the same. The Nifty too eased 7.95 pts to 15,574.85. India’s gross domestic product (GDP) slipped to 7.3 pc to Rs 135.13 trillion in 2020-21. It was at Rs 145.69 trillion in 2019-20. The last time the Indian economy contracted was in 1979-80. The GDP had contracted by 5.2% that year, when global oil prices had gone through the roof.

The sensex registered days high and low at 52,228.65 and 51,808.88 pts respectively. The Nifty recorded days high and low at 15,660.75 and 15,528.30 pts respectively. The sectoral indices that dropped were Metal, Materials, Bankex, Realty and Consumer Discretionary Goods and Services stocks. The scrips like ICICI Bank, Ultracemco, Asian Paints, Axis Bank and ITC slipped. The Mid Cap rose by 0.01 pc while Small Cap fell by 0.31 pc. In 30 scrips, 14 advanced while 16 declined.