BSE Sensex continues downslide, loses 118 points on profit booking
Sensex, the prime index of the Bombay Stock Exchange (BSE) continued its downslide on Tuesday, declining 0.67 percent on profit booking as investors continued to remain wary of global market developments.
BSE Sensex falls marginally ahead of national budgetThe 30-share benchmark sensitivity index slipped 117.89 points to 17,373.01, with 18 components closing lower. The index touched an intraday high of 17,502.15 and a low of 17,237.68.
The index, which hit a record high of 21,206.77 on Jan. 10 and climbed 10.5 percent in April, is down nearly 14.5 percent this year.
The day's biggest losers were telecom major Bharti Airtel and real estate giant DLF which plunged 5.29 percent and 5.26 percent respectively to Rs.846.60 and Rs.667.95.
Airtel fell on news that the firm was planning to buy a stake in South African telecom operator, MTN Group.
Engineering and construction major Larsen && Toubro (L&&T), India's largest private lender ICICI Bank and top listed petro-chemical refiner Reliance Industries (RIL) slid 2.30 percent, 0.55 percent and 0.42 percent to Rs.3061.15, Rs.928.05 and Rs.2654.40 respectively. The three stocks account for almost half of the weight of the index.
Auto majors Maruti Suzuki, Mahindra && Mahindra and Tata Motors dropped 2.23 percent, 1.99 percent and 0.55 percent to Rs.766.90, Rs.664 and Rs.681.80 respectively.
India's biggest bank, state-run State Bank of India ended down 1.29 percent to Rs.1756.20.
Other losers were Jaiprakash Associates (down 5.15 percent to Rs.271.90), Reliance Infrastructure (down 4.92 percent to Rs.1422.30), BHEL (down 2.47 percent to Rs.1860.45), ACC (down 2.20 percent to Rs.741.10), Reliance Communications (down 1.98 percent to Rs.543.30), NTPC (down 1.28 percent to Rs.195.95), Grasim Industries (down 1.13 percent to Rs.2357.05), Hindalco (down 0.87 percent to Rs.181.85) and Ranbaxy Laboratories (down 0.68 percent to Rs.474.95).
IT stocks had a field day with Satyam Computer Services, Infosys Technologies, Wipro and Tata Consultancy Services (TCS) surging 1.96 percent, 1.84 percent, 1.70 percent and 1.44 percent respectively to Rs.497.05, Rs.1820.30, Rs.498.45 and Rs.937.85.
- 1 TCS to manage Virgin Atlantics IT ops till 2011
- 2 Indias annual inflation rate hits 7.61 percent; Govt. bans future trading in essential commodities
- 3 Spencers Retail plans Rs.1500 crore business expansion, eyes 250 new stores and intl retail tie-ups
- 4 BSE Sensex, dragged by inflation, record high crude prices, loses 344 points to end below 17K
- 5 Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon
- 6 China establishes company to make its own jumbo jets
- 7 Boat carrying Myanmar aid sinks; toll climbs beyond 28,000
- 1 TCS to manage Virgin Atlantic's IT ops till 2011
- 2 Spencer's Retail plans Rs.1500 crore business expansion, eyes 250 new stores and int'l retail tie-ups
- 3 Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon
- 4 India's annual inflation rate hits 7.61 percent; Govt. bans future trading in essential commodities
- 5 Vrooom!! Ducati bikes set to scorch Indian roads
- 6 India, China to rise in ranks as wealth centers by 2017: Report
- 7 Indian steel makers agree to lower prices by 5-10 percent to fight inflation
- 1 Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon
- 2 BSE Sensex, dragged by inflation, record high crude prices, loses 344 points to end below 17K
- 3 India's annual inflation rate hits 7.61 percent; Govt. bans future trading in essential commodities
- 4 BSE Sensex tumbles for fourth consecutive day, closes down 259 points
- 5 Indian steel makers agree to lower prices by 5-10 percent to fight inflation
- 6 Oil prices steady in Asian trading after record near $124
- 7 BSE Sensex slips 34 points, investors wary
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