Sensex falls 118 points; Wipro, BHEL slump


Mumbai: A benchmark index for Indian equities markets was trading 118 points down in the afternoon session Wednesday on selling pressure in IT, realty and metal stocks. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,610.71 points, was ruling at 19,426.91 points at around 1.45 p.m., down 0.61 percent or 118.44 points from its previous close at 19,545.35 points. At the National Stock Exchange, the 50-scrip S&P CNX Nifty was trading at 5842.55 points, down 0.44 percent or 25.85 points. Wipro slumped 3.18 percent at 449.25 after disclosing its fourth quarter financial statements. The country's third largest outsourcing firm has posted 1,375 crore net profit for the fourth quarter of 2010-11, up 14 percent from the corresponding quarter of previous year. Other major losers on the Sensex were: BHEL, down 2.30 percent at 2,020; Jaiprakash Associates, down 1.90 percent at 97.85; and DLF, down 1.59 percent at 234.60. Most sectoral indices were also in the red with the realty index falling 1.52 percent and the consumer goods index down over one percent. Broader market indices were flat.
Source: IANS