Sensex Closes In Red, Bank Stocks Down


NEW DELHI: A day after the Supreme Court cancelled all coal blocks allocated between 1993 and 2011, the benchmark index of Indian equities markets Thursday closed 276.33 points or 1.03 percent down as bank, metal and energy sector stocks tanked.

This is the third straight session of loss-making for the market. It had shed 31 points Wednesday and 430 points Tuesday, as foreign investors continue to pull back.

According to the National Securities Depository Limited (NSDL), foreign portfolio investors (FPI) Thursday sold shares worth $112.91 million or 689.07 crore.

The foreign institutional investors (FIIs) along with sub-accounts and qualified foreign investors have been clubbed together by market regulator Securities and Exchange Board of India (SEBI) to create a new investor category called FPIs.

However, healthy buying was observed in information technology (IT), technology, entertainment and media (teck) and healthcare sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,808.66 points, closed at 26,468.36 points, down 276.33 points or 1.03 percent from the previous day’s close at 26,744.69 points.

The Sensex touched a high of 26,814.20 points and a low of 26,349.55 points in the trade.

Source: PTI