BSE Sensex slips 34 points, investors wary
The Bombay Stock Exchange (BSE) Sensex continued its bearish run for the third day in a row, slipping 0.19 percent.
BSE Sensex falls marginally ahead of national budgetThe prime 30-share index declined 33.70 points, Wednesday, to close at 17,339.31, with 17 components ending lower. The index touched a high of 17,413.81 and a low of 17,229.98 during intraday trade.
The index, which hit a record high of 21,206.77 on Jan. 10 and climbed 10.5 percent in April, is down nearly 14.7 percent this year.
The day's worst performer was BHEL, which closed 4.12 percent down at Rs.1783.75.
Telecom major Bharti Airtel continued its downward slide, falling 3.64 percent to Rs.815.80. Market analysts said the stock fell on news that Airtel was risking too much by making a $19 billion bid for a majority stake in South African telecom operator MTN Group.
Real estate major DLF ended weaker by 2.54 percent, closing at Rs.651.
Engineering and construction major Larsen && Toubro (L&&T) closed down 2.44 percent at Rs.2986.50.
AV Birla Group companies Hindalco and Grasim Industries declined 1.15 percent and 0.86 percent to Rs.179.75 and Rs.2336.75 respectively.
India's largest private lender ICICI Bank fell 0.99 percent to Rs.918.85.
Pharmaceutical majors Ranbaxy Laboratories and Cipla plunged 1.82 percent and 0.65 percent to Rs.466.30 adnd Rs.214.85 respectively.
- 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 BSE Sensex, dragged by inflation, record high crude prices, loses 344 points to end below 17K
- 4 Spencers Retail plans Rs.1500 crore business expansion, eyes 250 new stores and intl retail tie-ups
- 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
|
|
