Sensex closes 192 points in red


Sensex closes 192 points in red
Mumbai: A benchmark index for Indian equities shut shop 192 points in the red Tuesday, ending a three-day rally as traders stepped on the selling pedal. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,368.44 points, closed at 16,163.44 points, down 192.59 points or 1.18 percent from its previous close at 16,356.03 points. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 4,830.1 points, against the previous close at 4,899.7 points, a loss of 1.42 percent or 69.6 points. The stock chart for 52-weeks is given on left. Broader markets too closed in the red, with the BSE midcap index down 1.19 percent and the BSE small cap index ending 0.77 percent lower. All 13 sectoral indices ended in the red, with realty, banking, PSU and metal stocks getting most of the hammering. According to data with the Securities and Exchange Board of India (SEBI), foreign institutional investors were net sellers Tuesday having sold scrips worth $10.53 million. The market breadth was negative, with 1,105 stocks advancing against 1,788 scrips declining and 70 remaining unchanged. There were only four gainers on the Sensex: HDFC, up 1.5 percent at 2,419.10; Hindalco, up 1.31 percent at 151.15; Sun Pharma, up 0.49 percent at 1,514.95; and ONGC, up 0.25 percent at 1,103.95. Top losers included Jaiprakash Associates, down 3.73 percent at 135.35; Grasim, down 2.94 percent at 2,576; Reliance Communication, down 2.79 percent at 168.95; and M&M, down 2.61 percent at 1,019.60. Other major Asian markets closed on a mixed note, with the benchmark Japanese index, Nikkei, ending 1.63 percent higher at 10,371.09 points, and the Hang Seng of the Hong Kong Stock Exchange 0.14 percent up at 20,272.18 points. However, the Chinese Shanghai composite index was in the negative terrain, at 2,934.71 points, 0.23 percent down, while the Korean Kospi closed 0.66 percent lower at 1,595.81 points. European markets were ruling in positive terrain. At the closing bell in Mumbai, FTSE 100, the benchmark index of the London Stock Exchange, was ruling 0.22 percent higher at 5,258.95 points, while the French CAC 40 index was up 0.61 percent at 3,785.09 points. Its German peer DAX was also ruling 0.55 percent higher at 5,685.51 points.
Source: IANS