Lack of rain troubles mkts; Sensex down 353 pts
Mumbai, Aug 7: The continual sell off weighed on the markets for the second consecutive day. The 30-share BSE Sensex tumbled 353.79 points or 2.28 per cent, to settle at 15,160.24 and the 50-share NSE Nifty shut shop at 4481.40, down 2.27 per cent or 104.10 points. The broader indices also declined around 2 per cent each.
All sectoral indices ended in the red. The BSE Auto Index plummeted nearly 3.9 per cent.
According
to
experts,
sell
off
was
being
led
by
monsoon
concerns,
fall
in
commodities'
prices
in
the
international
markets,
and
weak
global
cues.
Out
of
all
the
adverse
factors,
the
rainfalls
which
are
below
64
per
cent
the
normal
level
is
the
biggest
concern.
4:20
PM
Mkts
trading
low;
SBI,
BHEL,
ICICI
lose
At 2:30 pm, BSE Sensex was at 15,254.68, down 259.35 and NSE Nifty was at 4512.00, down 73.50. Selling in banking, auto, FMCG, realty, telecom, infrastructure and metal stocks weighed on the Sensex. And the 0.5 to 1 per cent fall in European markets adversely affected both the benchmarks.
SBI, BHEL, Reliance Communication, ICICI Bank, Maruti, DLF, Tata Power, M&M, Idea and Unitech slipped 3 to 5 per cent. Reliance Industries, Bharti, HUL, SAIL, Infosys, Sterlite, L&T, ITC and HDFC Bank dipped 1 to 2 per cent. Only six stocks: Wipro, NTPC, GAIL, Tata Steel, BPCL and Power Grid were trading in the green.
The
top
gainers
were
Pioneer
Distilleries,
Prism
Cement,
GMM
Pfaudler,
Barak
Vally
Cement,
Seax
Global
Venture,
Asian
Granito,
Nitin
Fire
Protection
and
Sun
Pharma
Advanced
while
Gangotri
Iron,
Anant
Raj
Industries,
Amrit
Banaspati,
Fenoplast,
IST,
Lakshmi
Precision,
Excel,
United
Spirits
and
Jindal
Photo
lost.
2:45
PM
Nifty slips; ICICI, Infy, SBI, BHEL, HUL drag
After BSE Sensex, NSE Nifty too is slipping. At 10: 41 am, the Sensex was down 89.69 points at 15424.34, and the Nifty down 26.05 points at 4552.45.
Selling was seen in Auto, FMCG, banks and power stocks. Apart from this Reliance, Infosys, ICICI Bank, SBI, BHEL and HUL were the negative contributors.
On Nifty, Maruti Suzuki down 2.46 per cent, M&M down 2.02 per cent, Hero Honda down 1.95 per cent, Sterlite Ind down 1.64 per cent and HUL down 1.61 per cent were the top losers.
The top gainers were Sun Pharma up 1.68 per cent, ONGC up 1.66 per cent, Wipro up 1.50 per cent, Grasim up 0.68 per cent Cipla up 0.51 per cent.
Among
the
midcaps,
Kansai
Nerolac,
Birla
Corp,
Pantaloon
Ret,
Jubilant
Org
and
Anant
Raj
Ind
were
the
losers
while
Mercator
Lines,
Marg
and
TVS
Motor
lost
in
smallcaps.
12:34
PM
Sensex in the red; Tata Motors, M&M, DLF down
Sensex that opened with a gap quickly recovered. At 10 am, the BSE Sensex was at 15,419.19, down 94.84 and NSE Nifty was at 4564.05, down 21.45.
While the losers in the early trade were M&M, Hero Honda, Tata Motors, Maruti Suzuki, Tata Steel, Sterlite Ind, Hindalco, Nalco, Suzlon, DLF and ICICI Bank; ITC, Sun Pharma, Grasim and ONGC opened positive.
Asian
markets
were
trading
lower.
10:13
AM
OneIndia News