BSE Sensex tumbles for fourth consecutive day, closes down 259 points
The BSE (Bombay Stock Exchange) Sensex tumbled 1.49 percent on Thursday to its lowest close in May, dragged down by weak global cues and inflationary concerns.
BSE Sensex falls marginally ahead of national budgetThe 30-share benchmark index dropped 258.66 points to 17,080.65 with 22 components ending in the red. The index swung between a high of 17,212.61 and a low of 17,038.03 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 16.2 percent this year.
The day's worst performer was FMCG major ITC, which fell 5.24 percent to Rs.215.05.
IT stocks performed poorly with Satyam Computer Services, Infosys Technologies, Tata Consultancy Services and Wipro falling 3.72 percent, 3.44 percent, 2.33 percent and 0.40 percent to Rs.471.10, Rs.1779.80, Rs.943.70 and Rs.497.15 respectively.
Engineering and construction major Larsen && Toubro (L&&T), India's largest private lender ICICI Bank and top-listed petrochemical refiner Reliance Industries (RIL) plunged 3.36 percent, 3 percent and 0.60 percent to Rs.2886.20, Rs.891.30 and Rs.2666.15 respectively. The three stocks contribute to nearly a half of the weight of the index.
Energy majors Reliance Infrastructure and NTPC lost 2.93 percent and 1 percent to end down Rs.1394.10 and Rs.192.70 respectively.
Financial stocks HDFC Bank, State Bank of India and Housing Development Finance Corporation closed down 2.24 percent, 2.17 percent and 0.30 percent at Rs.1508.40, Rs.1729.80 and Rs.2720.60 respectively.
Auto majors Tata Motors and Maruti Suzuki fell 1.57 percent and 0.58 percent to Rs.669.10 and 770.25 respectively.
Other major stocks to end in the red were Jaiprakash Associates (down 2.09 percent to Rs.269.05), Cipla (down 1.54 percent to Rs.211.55), BHEL (down 1.32 percent to Rs.1760.20), DLF (down 1.11 percent to Rs.643.80) and ONGC (down 1.09 percent to Rs.1028.35).
- 1 TCS to manage Virgin Atlantics IT ops till 2011
- 2 Spencers Retail plans Rs.1500 crore business expansion, eyes 250 new stores and intl retail tie-ups
- 3 Bajaj Auto, Renault-Nissan team up to rival Tatas small car Nano
- 4 Jenna Bushs wedding is low-key affair at ranch
- 5 Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon
- 6 BSE Sensex surges 124 points despite weak IIP data
- 7 OJ Simpson confessed to him about killing ex-wife
- 1 RCom JVs with Alcatel-Lucent to provide managed network services
- 2 Industrial production growth falls to 6 years low, sends alarm bells ringing
- 3 Bajaj Auto, Renault-Nissan team up to rival Tata's small car Nano
- 4 BSE Sensex surges 124 points despite weak IIP data
- 5 TCS to manage Virgin Atlantic's IT ops till 2011
- 6 Spencer's Retail plans Rs.1500 crore business expansion, eyes 250 new stores and int'l retail tie-ups
- 7 Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon
- 1 Industrial production growth falls to 6 years low, sends alarm bells ringing
- 2 BSE Sensex surges 124 points despite weak IIP data
- 3 Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon
- 4 BSE Sensex, dragged by inflation, record high crude prices, loses 344 points to end below 17K
- 5 India's annual inflation rate hits 7.61 percent; Govt. bans future trading in essential commodities
- 6 BSE Sensex tumbles for fourth consecutive day, closes down 259 points
- 7 Indian steel makers agree to lower prices by 5-10 percent to fight inflation
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