Sensex Down 82 Points as Bank, Oil and Gas Stocks Tumble


Mumbai: A benchmark index of Indian equities markets was trading 82 points down in afternoon session Friday after banking, oil and gas and capital goods stocks came under selling pressure.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,275.20 points, was ruling at 17,196.70 points, down 0.48 percent or 82.15 points from its previous day's close at 17,278.85 points.

The BSE bank index was down 100.94 points, followed by capital goods index which was down 66.84 points and oil and gas index that was down 64.44 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was ruling 0.55 percent 29 points lower at 5,213.70 points.

The major Sensex gainers were TCS, up 1.85 percent at 1,223; Bajaj Auto, up 1.74 percent at 1,576.15; Maruti Suzuki, up 1.49 percent at 1,133.95; Jindal Steel, up 0.68 percent at 428.35 and Hindalco, up 0.57 percent at 122.90.

Sensex losers were Dr Reddys Lab, down 2.72 percent at 1,610.60; BHEL, down 2.17 percent at 229.55; Sterlite Inds, down 1.23 percent at 104.55; Gail India, down 1.22 percent at 352.70 and L&T, down 1.21 percent at 1,390.15.

Among other Asian markets, Japan's Nikkei was 1.43 percent down and Shanghai's composite index was trading 0.74 percent lower. However, Hong Kong's Hang Seng was 0.08 percent higher.

Source: IANS