4 month high rupee toggles sensex down by 219 pts

Mumbai, Jul 19: The BSE sensex today plummeted 219 points to close at 10,007.34 on serious selling pressure as the Indian currency touched a four month high of Rs 47/US Dollar.

''Appreciation in Indian currency, as well as International factors like West-Asia crisis and immediate performance of crude oil price have been largely responsible for the erratic behaviour of the Sensex,'' said Mahesh Thakkar, a trader in the stock market.

''Sensex performed better when it was expected to go down below 10k mark on Tuesday, it was more psychological, however, it is expected to settle around 9,500 mark,'' Mr Thakkar added.

The first quarter performance of companies are also going to impact the domestic bourses and the investor sentiments, he said.

It is though ironic that Indian bourses have declined when major Asian markets have appreciated along with Dow Jones and Nasdaq in US, averred Mr Mahesh Thakkar All the sectoral indices on the BSE closed in the red. They were led by Metals which declined 3.95 per cent to Rs 7423.22, and followed byu Auto down 3.61 per cent to Rs 4151.09, and Smallcap and IT by 3.56 and 3.06 per cent respectively.

Major gainers on the index were- ONGC up by 1.80 per cent to Rs 1062.30, and Ranbaxy labs up by 0.59 per cent to Rs 325.90. Besides the losers today included, Wipro down 5.51 per cent to Rs 458.30, Satyam Computers down by 5.34 per cent to Rs 657.30, TCS down 4.54 per cent to Rs 1758.10, ACC down 4.49 per cent to Rs 779.95 , Tata Motors down 4.40 per cent to Rs 658.05, Tata Steel was down 3.88 per cent to Rs 458.95, Bajaj Auto was down by 3.86 per cent to 2350.10, Maruti was down 3.79 per cent to Rs 723.25, Reliance Communications was down by 3.31 per cent to Rs 238.15 and Hindalco was down by 3.29 per cent to Rs 155.30.

The breadth in the broader market was in the favour of 1,896 declines as against 493 advances out of Total 2,449 stocks traded on the BSE.

UNI

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