Sensex loses 134 points on weak global cues

Sensex loses 134 points on weak global cues
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Mumbai, Jan 22: In line with Asian peers, the domestic equities ended in the negative territory on Tuesday as concerns about global economic slowdown weighed on investor sentiment. This apart, selling in counters such as metals, financials and auto also dragged the market lower.
The S&P BSE Sensex lost 134 points or 0.37 per cent to settle at 36,445, with Sun Pharma (up 4.54 per cent) being the top gainer and Vedanta (down nearly 4 per cent) the worst laggard. On NSE, the benchmark Nifty50 index dropped 39 points or 0.36 per cent to close the session at 10,923.
In the broader market, the S&P BSE MidCap index ended 14 points down at 14,925.27, while the S&P BSE SmallCap indexnlost 71 points to settle at 14,332.
Shares of Prabhat Dairy had a roller-coaster ride during the day. After hitting an upper circuit limit of 20 per cent in the early trade, the stock ended over 14 per cent lower at Rs 79.75. It hit 52-week low of Rs 77.50 apiece in the intra-day trade.The stock reacted after the company announced that global dairy major Lactalis will buy its milk business.
Sun Pharma shares rallied as much as 6.12 per cent in the intra-day trade after the company made a series of clarifications and changes in its filing to the bourses. The stock, eventualy, ended at Rs 418.05 apiece on BSE, up 4.95 per cent.
Shares of Ashok Leyland continued under pressure, hitting a 20-month low of Rs 86.55 apiece, down 4.5 per cent on the BSE, on concerns of a slowdown in vehicle sales. The stock ended the day at Rs 88 apiece, down nearly 3 per cent.