Sensex, Nifty Turn Flat Amid Choppy Trade; Auto, Pharma Stocks Drop
Extending losses to a second day running, domestic stock markets started Wednesday's session on a lacklustre note amid choppy trade despite a bounce-back in Asian peers. The S&P BSE Sensex index fell as much as 129.99 points to 36,432.92 at the day's weakest level, failing to sustain gains as it traded in the positive territory to touch an intraday high of 36,636.67. The broader NSE Nifty benchmark moved in a range of 66.25 points, between 10,757.30 and 10,823.55 at the day's lowest and highest levels respectively. Analysts say caution prevailed after concerns about slowing economic growth spooked investors. Wednesday's fall came a day after the Sensex ended 2.06 per cent lower and the Nifty sank 2.04 per cent, in their worst percentage drop since October 11 and July 8.