Sensex, Nifty flat; International Olympic Committee slips 3%, Wipro up 1%

A trader reacts as he watches screens on the floor of the New York Stock Exchange in New York on Feb 5

The BSE 30-share index slipped 66.48 points, or 0.19 per cent, to 33,769.26.

Shares of Amtek Auto, GVK Power, Adani Enterprises, Oberoi Realty, Kolte-Patil, NLC India, Reliance Infrastructure, Reliance Capital and SAIL were down by almost seven percent, while Graphite India, Canara Bank and Syndicate Bank gained in closing trade.

The Sensex cracked over 300 points to scale a low of 33,366.90 points during the intra-day trade.

Ratings agency Fitch has pegged India's GDP growth at 7.3 percent next fiscal and 7.5 percent in 2019-20 while the World Bank sees growth accelerating to 7.3 percent in 2018-19, from 6.7 percent in the current financial year.

The index had lost 232.40 points in previous three sessions.

The benchmark reached 0.40 percent down by 136.94 points to be at 33548.60 points.

Major laggards were Axis Bank, Hindustan Unilever, ICICI Bank, Reliance Industries, Tata Steel and Yes Bank falling by up to 2.10 percent.

Other Asian markets were also in the negative zone as investors fret over the prospect of a global trade war, accelerating selling pressure on the domestic bourses, brokers said.

The National Stock Exchange Nifty fell by 0.49 percent to reach 10309.20 points. They lost by 1.40 percent.

Back home, Exports grew by 4.5 per cent in February, the lowest expansion in the last four months, to $25.8 billion as shipments of engineering, textiles and gems and jewellery declined while trade deficit narrowed to a five-month low of $12 billion.

Japan's Nikkei shed 0.47 per cent, while Hong Kong's Hang Seng edged up 0.03 per cent. Shanghai Composite Index was down 0.04 per cent in early trade.

The US Dow Jones Industrial Average was the only one with a green signal as it rose to 0.47 percent.

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