BSE Sensex ends 67.20 points down

Written by:
Subscribe to Oneindia News

Mumbai, Feb 18: Breaking the three-day gaining streak, the sensitive index of the Bombay Stock Exchange (BSE) today took a dip of 67.20 points to close at 18,048.05 amid bouts of buying and selling in blue chips.

Resuming the day with a marginal positive gap, Sensex gained over 140 points to touch an intera day high at 18,256.82 on fresh buyings in early trade. Soon after, it failed to sustain the gains and slipped into deep red by shedding 214.43 points to hit an intra day low below 18K at 17,900.82 from its previous close of 18,115.25 on sustained selling pressure, brokers said. Similarly, the broader based Nifty index of National Stock Exchange (NSE) closed at 5,276.90, lost 26 points from its previous close of 5,302.90. It touched a day's high at 5348.60 and a low of 5,224 before ending with negative gaps.

The market failed to sustain higher levels after a firm start. A firm opening was triggered by Reliance Power's surprise announcement that it would consider bonus on its issue, in an effort towards damage control, brokers opined.

The market breadth was positive on BSE as 1,850 shares advanced against 878 scrips that declined and 46 shares remained unchanged.

19 out of the 30 Sensex-pack declined today.

The BSE Mid-Cap index was up 0.65pc to 7,641.48 and the BSE Small-Cap index was up by 1.40pc to 9,755.35. Both these indices outperfomed the Sensex.

The total turnover on BSE amounted to Rs 4951 crore as compared to Rs 6,415.18 in the previous session. Turnover on NSE's futures&options segment declined to Rs 32416.67 crore from Rs 42675.67 a day earlier.
. Reliance Power, which was reported to have boosted up the market in the mid morning session today, gained 7.53 per cent to close the day at to Rs 413.65, off day's high of Rs 429.60. The counter saw high volumes of 1.12 crore shares on the BSE.

Sectoral indices on BSE ended with a marginal gain or loss in a close gap from their previous close. Frontline stocks like Reliance Industries (RIL) was down 1.65 pc to Rs 2548 on 4.51 lakh shares. The stock moved in a range of Rs 2537.40 and Rs 2650 so far during the day.

Tata Motors slipped 2.56pc to Rs 732.10 on 1.29 lakh shares. It was the top loser from the Sensex pack. Bharat Heavy Electricals dropped 1.75pc to Rs 2222 despite reports the company has bagged an order worth Rs 650 crore from General Electricity Company, Libya, for setting up a 300 megatwatt gas turbine based power plant. The stock hit a high of Rs 2280 in intra-day trade.

Larsen&Toubro slipped 0.90pc to Rs 3505. The company today reported that it has bagged an order worth Rs 1250 crore from Oil&Natural Gas Corporation.

State Bank of India was down 2.10 pc to Rs 2250, Reliance Energy came down 1.38pc and DLF lost 2.38 pc.

Mahindra&Mahindra ended up on gains in late trade. It advanced 3.48 pc and was the top gainer from the Sensex pack. The company today said that Mahindra Defence Systems, a group company, is in talks with WASS for underwater defence joint venture. Mahindra Defence Systems (MDS) makes high mobility and light bullet proof vehicles for the army, paramilitary and police force.

ITC staged a sharp rally in late trade. The stock was down for most part of the day but settled with a gain of 3.45% to Rs 210.

Among other gainers, Bajaj Auto gained 1.16pc, after the Madras High Court restrained TVS Motor Company from manufacturing and selling 125 cc 'Flame' motorcycle by using the specific technology it has stated was 'patented' by the company.

ICICI Bank was up 1.67pc, Hindustan Unilever gained 2.32pc and Hindalco Industries gained 3.08pc, were the other gainers from the Sensex pack.


Please Wait while comments are loading...