Sensex plunges 150 pts at 12, 285 on profit booking
Mumbai, May 12: The weaker world markets triggered profit booking on domestic bourses too as the BSE benchmark index closed at 12,285 points (down by 1.21 per cent), a loss of 150 points as compared to the last close of 12,435.
The Sensex fell for the second consecutive day today after a non-stop bull run for the last nine days. The 30 share Sensitive Index (Sensex) had lost 177 points yesterday, closing at 12,435 points.
The mood turned bearish right since morning as the US and Asian market indices were down, led by 2.07 per cent fall on Nasdaq, Dow Jones Industrial Average fell by 1.22 per cent, the New York Stock Exchange fell by 1.21 and Japanese index Nikkei fell by 1.54 per cent.
The National Stock Exchange (NSE) S&P CNX Nifty index too closed down by 1.38 per cent or 50 points at 3,650 points as compared to the last close at 3,701.
Profit booking in the blue chips was one of the main reasons for the fall in the market, index heavyweight Reliance Industries lost by 3.75 per cent to Rs 1,066.95, ONGC was down by 2.76 per cent to Rs 1,417.25.
In the sectoral indices, BSE Oil&Gas index ended in the red, down by 3.12 per cent, BSE Bankex index was down by 2.17 per cent, BSE PSU index was down by 1.73 per cent.
In contrast, the BSE Metal index was up by 0.32 per cent.
Meanwhile the BSE Midcap and Smallcap indices, too, ended lower by 0.68 per cent and 0.36 per cent respectively.
Other significant losers were from the cement sector, led by Gujarat Ambuja Cement, which was down by 7.5 per cent to Rs 106, ACC was down by more than seven per cent to Rs 897.20, while Grasim Industries was down by 2.32 per cent to Rs 2,250.80.
Among the other losers were banking blue chip ICICI Bank (down by 3.60 per cent) to Rs 636.20, SBI was down by 1.71 per cent at Rs 959.35.
Other major losers were Hindustan Lever, ITC, BHEL and TCS.
The main gainers on the Sensex were Larsen&Toubro, NTPC, Hero Honda, Tata Steel, Tata Motors, Dr Reddy's, HDFC, Bajaj Auto, Wipro, Bharti Televentures.
Earlier in the morning, the key indices dipped sharply in the opening move. Sensex dipped more than 200 points to a low of 12,224 points and NSE Nifty also dipped to a low of 3,633 points with a loss of 78 points.
The BSE sensitive index opened 35 points lower at 12,400 points as compared to the last close of 12,435.
The other top losers were Reliance Energy down by 1.55 per cent to Rs 603.50, Hindustan Lever dipped by 1.53 per cent to Rs 273.50, BHEL, the capital goods giant, closed 1.23 per cent down at Rs 2,333.10, FMCG major ITC closed lower by 1.18 per cent at Rs 201.10 and TCS was down by 1.17 per cent at Rs 1,996.85.
Mukesh Ambani-owned Reliance Petroleum Ltd (RPL) which was listed yesterday, today slipped by Rs 1.50 to Rs 83.95, as compared to the last close of Rs 85.45 on the BSE, and the volumes were much lower at 1.72 crore share traded.
Larsen&Toubro was the top gainer today up by 2.19 per cent at Rs 2,837.40, NTPC was up by 1.43 per cent to Rs 130.95, Hero Honda was up by 1.27 per cent at Rs 882.40, Tata Steel gained 0.90 per cent to Rs 644.10, Tata Motors gained 0.83 per cent to Rs 962.60, Dr Reddy's Lab was up by 0.80 per cent at Rs 1,645, HDFC Bank gained by 0.61 per cent to Rs 875.35, Bajaj Auto gained 0.46 per cent to Rs 3,161.45, Wipro was up by 0.45 per cent to Rs 544.60 and Bharti Tele closed 0.11 per cent up at Rs 415.45.
Adani Exports continued to surge, gaining by five per cent to Rs 160.65, Dabur too gained 4.91 per cent to Rs 170.80, Wockhardt was up by 4.30 per cent at Rs 464.75 and Punj Lloyd went up by 2.98 per cent at Rs 1,212.35.
The market breadth in the broader market was negative with 1,487 scrips declining as against 1,065 scrips advancing out of 2,614 traded onthe BSE.