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Frontline stocks pull down Sensex 2.45 percent

Category :India Sub Category :National,Business
2009-08-06 00:00:00
   Views : 371

Mumbai, Aug 6 - Heavy selling in frontline stocks in the last trading hour pulled down a key index of the Indian equities markets 2.45 percent Thursday even as its Asian peers closed in the green. The sizeable drop came after two consecutive days of consolidation.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 15,881.47 points, ended trade at 15,514.03 points, down 389.8 points or 2.45 percent.

The Nifty of the National Stock Exchange (NSE), too, shut shop in the red at 4,585.5 points, down 2.31 percent.

Broader market indices too came under selling pressure with the BSE midcap index closing 2.39 percent down, while the BSE smallcap index ended 1.29 percent lower.

All 13 sectoral indices on the BSE closed in the negative, with auto, realty and FMCG stocks coming under heavy selling pressure.

The market breadth was negative with 1,080 stocks advancing, 1,614 declining and 73 remaining unchanged.

There were only two gainers on the Sensex: Sun Pharma, up 1.53 percent at Rs.1,200.40; and Wipro, up 0.04 percent at Rs.498.25.

Among the 28 losers on the Sensex Thursday, the prominent ones were: Tata Motors, down 6.93 percent at Rs.418.30; Hindalco, down 6.




Author :Indo Asian News Service



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