Sensex tanks 336 pts; all sectoral indices end red
Mumbai, Jun 7: The markets reeled under adverse global cues including the Eurozone debt crisis and the US jobs data throughout the day. The benchamerk, broader and sectoral indices ended red.
While BSE Sensex shut shop at 16,781.07, down 336.62 points, NSE Nifty ended at 5034.00, down 101.50. Among all the sectoral indices which ended in the negative zone, metal and realty sectors were the biggest losers wit the respective indices slipping almost 4 per cent.
On the positive side, four stocks traded in the green. While Reliance Communications surged 4.8 per cent on company board's approval for 26 per cent stake sale. Ambuja Cements, ACC and Kotak Mahindra Bank were the other gainers.
European
markets
were
trading
0.2
to
0.5
per
cent
lower
at
the
time
of
closing
of
Indian
markets.
The
American
stock
exchanges
were
also
trading
in
troubled
waters
in
response
to
the
disappointing
jobs
data.
4:
48
PM
Sensex
down
300
points;
Reliance
Comm,
HDFC
gain
At
14:20
pm,
BSE
Sensex
was
16,785.72,
down
331.97
points
and
NSE
Nifty
was
5037.10,
down
98.40
points.
BSE
Sensex
plunged.Nifty
June
Future
was
also
going
low
by
14
points.
All
sectoral
indices
went
red.
Metal and realty indices plummeted by 3.7 percent. Oil and Gas, IT, Auto, Capital Goods, Power and Bank indices lost 1.7 to 2 percent.
Reliance
Communications,
HDFC
Bank
and
Ambuja
Cements
traded
green
on
the
Nifty.
Tata
Steel,
SBI,
Reliance
Industries,
Tata
Motors,
Sesa
Goa
and
ICICI
Bank
were
the
other
active
shares
on
the
stock
market.
2:45
PM
Mkts
suffer
weak
global
cues,
Sensex
tanks
400
pts
Weak
global
cues
and
debt
fears
from
PIIGS
(Portugal,
Ireland,
Italy,
Greece,
and
Spain)
to
other
Eurozone
countries
as
well
as
the
disappointing
US
jobs
data
continue
to
weigh
on
the
Indian
indices.
At 11:50 am, BSE Sensex was trading at 16,715.69, down 402.00 and NSE Nifty was at 5009.30, down 126.20 points.
Adding to the Eurozone fears, there are reports that there was a possible default by Hungary too.
DLF down 5.34 per cent, Hindalco down 4.91 per cent; Tata Motors down 3.95 per cent; Sterlite Inds down 3.93 per cent; Cairn India down 3.8 per cent and Tata Steel down 3.24 per cent were the top losers.
On
the
positive
side,
Reliance
Communications
continued
its
upward
trend,
up
nearly
1
per
cent.
12:01
PM
Euro debt woes continue to haunt Indian mkts
Eurozone debt fears continued to haunting the Indian markets, which opened the day more than 100 points gap down. The indices were also hit by several other negative factors such as fall in commodities and unsatisfactory American jobs data.
At 9: 30 am, BSE Sensex was at 16,753.48, down 364.21 points, and NSE Nifty was at 5022.40, down 113.10 points.
The early frontline losers were Hindalco, Sterlite Industries, Tata Steel, Jaiprakash Associates, DLF, Unitech, Cairn, Tata Motors, Jindal Steel & Power, Reliance Infrastructure, Reliance Capital, ICICI Bank and IDFC.
However, there were some stocks in the green zone. Reliance Communications was up 5 per cent, on the company board's nod for up to 26 per cent stake sale and the company would be inducting strategic / private equity investors.
The
CNX
Midcap
also
declined
171
points
to
7718
in
the
opening
trade
and
the
BSE
Smallcap
slipped
146
points
to
8493.
Among
the
midcaps
and
smallcaps,
IVRCL
Infra,
Punj
Lloyd
and
Lanco
Infra
fell
4
to
5
per
cent.
Gujarat
NRE
Coke
tumbled
5
per
cent
and
HDIL
was
down
4
per
cent.
JM
Financial
dipped
4.6
per
cent.
9:38
AM
OneIndia News