Mid-East tension reflects on Sensex; down 102 pts

Mumbai, July 18: The after-effect of the Israel-Lebanon tension not only hit the global bourses, but also affected the Indian markets as the BSE Sensex was down by 102 points to 10,190.90 in the afternoon trade.

Though the situation in the Middle East has been restricted to the Israel and Lebanon borders, the investors have not yet fully gained their confidence, and are following the 'wait and watch' policy before resuming any buying.

Amid this turmoil, the Bombay Stock Exchange (BSE) Sensitive Index (Sensex) touched a low of 10,168 points and a high of 10,406 today, the latter being achieved in the opening move.

All BSE sectoral indices were trading in the red, led by metals, which were down by 2.72 per cent, followed by capital goods, down by 2.11 per cent and smallcap, down by 2.09 per cent. All other indices were down between 0.5 to 1.9 per cent.

The major gainers on the Sensex were - ONGC, which firmed up on the information of the Mid-East crisis continuing further, Ranbaxy was the other major gainer, followed by Satyam Computers, Infosys, Bharti Tele, Wipro, Reliance Energy, HDFC Bank and Hero Honda, all up between 0.45 to 1.47 per cent.

The top losers were - Hindalco, Reliance Industries, Gujarat Ambuja, L&T and ACC, all down between 1.23 to 3.45 per cent.

UNI

Related Stories