Sensex Down 86 Points, Capital Goods Stocks Slump

Thursday, August 30, 2012
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Mumbai: A benchmark index of Indian equities markets was trading 86 points lower in afternoon trade due to weak Asian cues. Capital goods, oil and gas and consumer durable stocks were the worst performers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,433.50 points, was ruling at 17,404.15 points, 0.50 percent or 86.66 points down from its previous day's close at 17,490.81 points.

The Sensex touched a high of 17,442.48 points and a low of 17,367.55 points in intra-day trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was ruling 0.49 percent down at 5,262.15 points.

On the sectoral front, the BSE capital goods index was down 115.59 points followed by oil and gas index, down 52.05 points, and consumer durables index, down 35.05 points.

The main Sensex losers were Gail India, down 2.14 percent at Rs.357; Jindal Steel, down 2 percent at Rs.352.65; Maruti Suzuki, down 1.98 percent at Rs.1,145.35; Hero MotoCorp, down 1.87 percent at Rs.1,815.15; and Tata Steel, down 1.70 percent at Rs.368.05.

The major gainers were Hindalco Inds, up 2.07 percent at Rs.105.90; Cipla, up 1.23 percent at Rs.370.80; Tata Power, up 0.86 percent at Rs.99.90; Wipro, up 0.80 percent at Rs.367.50; and Bajaj Auto, up 0.51 percent at Rs.1,635.60.

Among other Asian markets, Japan's Nikkei was down 0.95 percent while Shanghai's composite index was trading 0.03 percent down. Hong Kong's Hang Seng was down 1.21 percent.

Source: IANS
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