Sensex plunges 40 points at opening move

Mumbai, Sep 7 (UNI) The Bombay Stock Exchange Sensitive Index (sensex) is currently trading at 11,893 points which is 40 points below the previous close of 11,933.21 on account of fear of interest rate hike in US that led the domestic sentiments into negative.

Key Asian markets in Hong Kong, Japan, South Korea, Singapore and Taiwan were down between 0.01 - 1.59 per cent as the US data on services showed increase in the labour cost, giving rise to fears of interest rate hike.

The Oil and Gas sector on the BSE sectoral indices leads the losers category down by 0.60 per cent and is followed by PSU which is down by 0.56 per cent and the Bankex, down by 0.52 per cent. The Consumer Durables segment, however is up by 1.31 per cent and the Capital Goods is up by 0.27 per cent.

Major Gainers on the index are L&T.Reliance Communications, BHEL, Dr Reddy's Lab, Bharti Airtel, Tata Motors, Reliance Energy and Grasim Industries all up between 0.09 to 1.23 per cent.

Besides the losers are Cipla, HDFC Bank, TCS, Wiprom ITC, HEro Honda, SBI, Gujarat Ambuja Cement, Bajaj Auto and Satyam Computers all down between 0.74 to 1.28 per cent.

Meanwhile, US crude oil fell to a 3-1/2 month low. Nymex crude was hovering at US Dollar 67.60 a barrel.

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