Sensex dips 114 points

Equities reeled under intense selling pressure for the third straight day with the BSE benchmark Sensex falling by another 114.06 points to end at 27,573.66 despite a recovery in global financial markets. Investors sentiment continued to remain agitated after overnight sharp sell-off in equites, added to it caution ahead of corporate earnings season starting on Thursday.

The initial strong recovery momentum proved to be short-lived as key benchmark indices turned choppy and traded in a narrow range in most part of the session in the absence of any definite cues, but turned highly volatile toward the fag-end trade on hectic profit-taking. Country’s second largest tech major TCS will announce its first quarter earnings after trading hours.

The 30-share <g data-gr-id="16">sensex</g> opened slightly lower at 27,681.49 and traded between a high of 27,798.13 and a low of 27,540.60 before ending at 27,573.66, showing a fall of 114.06 points, or 0.41 <g data-gr-id="17">per cent</g>. The broader 50-share Nifty also shed by 34.50 points, or 0.41 <g data-gr-id="18">per cent</g> to close at 8,328.55.