Sensex suffers straight fall, closes at 10226.78

Mumbai, Jul l8: The BSE sensitive index today suffered a fourth straight fall as Israel-Lebanon war created global geopolitical disturbance and restrained buying by the investors too factored in the whole upset on the sensex.

Although, the situation on the Israel-Lebanon border does not signal any signs of spilling into other bordering states, ensuing into a full scale war involving more than two states, it alone would not improve the buying sentiments on the bourses until the war-like situation comes to grinding halt soon. The resultant effect is directly noticeable in the performance of all the markets globally, especially the Asian benchmark indices which have traded in the red since the increase in crude oil prices in the region.

The Sensex fell by 66.44 points or 0.65 per cent and closed at 10,226.78, compared to the previous close of 10,293.22 points.

The S&P CNX Nifty lost 13.90 points or 0.46 per cent to finish at Rs 2,993.65.

Major benchmark indices on the BSE closed in the red, led by metals which fell by 3.26 per cent as the price of base metals declined, similarly capital goods and consumer durables also fell down by 2.13 and 2.08 per cent respectively. Only IT and Tech and HC sectors grew and that too marginally.

Major gainers on the index were - Wipro, Satyam, Infosys, Bharti and ONGC, all were up between 1.47 and 1.74 per cent.

The major gainers in the market were- Wipro up by 1.74 per cent to Rs 485.00, Satyam up by 1.68 per cent to Rs 694.40, Infosys up by 1.54 per cent to Rs 1,629.60, Bharti up by .53 per cent to Rs 359.15 and ONGC was up by 1.47 per cent to Rs 1,043.50. The losers on the index were - Hindalco down by 3.80 per cent to Rs 160.55, ATA Steel down by 3.2 per cent to Rs 477.50, L&T down by 2.65 per cent to Rs 2,070.55 and Reliance Industries down by 2.64 per cent to Rs 1,004.30.

The breadth in the broader market was in the favour of 1,707 declines as against 665 advances out of total 2,438 shares traded on the BSE.

UNI

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