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Sensex opens 83 pts in the red on global cues

Written by: Staff
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Mumbai, July 6 (UNI) The BSE Sensex today opened in the red by 83 points at 10,836.49 on poor performance of the Asian markets.

However, the BSE Sensitive Index recovered from the weak opening and is currently trading at 10,751.22 points as some FMCG and Cement stocks rose on the index.

All the Asian benchmark indices are down since North Korea test fired nuclear capable missiles on Tuesday. Also there are apprehensions that growth in jobs will force the Federal Reserve to further hike the interest rates. However, the experts feel these doubts are baseless unless something concrete emerges from the Fed itself.

Even the BSE sectoral indices are down in red since morning.

Midcap is down by 0.16 per cent, major losers amongst the indices are bankex, down by 2.27 per cent, consumer durables is down by 1.83 per cent, metals is down by 1.44 per cent, IT is down by 1.47 per cent and auto is down by 1.64 per cent.

Major scrips that have lost on the index are - ICICI, Satyam Computers, TCS, L&T, Bajaj Auto, Dr Reddy's Lab, Tata Steel, Hindalco, Reliance Industries and HDFC bank all down between 1.67 per cent to 4.28 per cent.

There were only two gainers on the index - HLL up by 0.66 per cent and ACC up by 0.06 per cent.

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