BSE Sensex slips 108 points, investors wary
Sensex, the 30-share prime index of the Bombay Stock Exchange slipped 0.64 percent, Tuesday, as weak industrial production growth data and rising inflation dampened market sentiments.
The benchmark index fell 0.64 percent or 108.04 points to close at 16,752.86, with 18 components ending lower. The index hit a high of 17,085.63 and a low of 16,697.47 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 about 18.20 percent this year.
The biggest loser was ONGC, slipping 3.08 percent to Rs.997.10.
IT stocks Wipro, Tata Consultancy Services (TCS) and Infosys Technologies fell 2.66 percent, 2.33 percent and 1.43 percent to Rs.494.20, Rs.905.70 and Rs.1747.20 respectively.
Telecom majors Bharti Airtel and Reliance Communications declined 2.03 percent and 0.78 percent to Rs.821.25 and Rs.545.65 respectively.
Auto majors Tata Motors and Maruti Suzuki shed 0.40 percent and 0.05 percent to end at Rs.665.85 and Rs.770.15 respectively.
India's largest mortgage lender Housing Development Finance Corporation lost 1.49 percent to Rs.2658.20 while real estate major DLF declined 1.11 percent to close at Rs.615.
Top listed petrochemical refiner Reliance Industries (RIL) and engineering and construction major Larsen & Toubro (L&T) fell 2.08 percent and 0.71 percent to Rs.2501.45 and Rs.2814.75 respectively.
Other losers were ACC (down 2.66 percent to Rs.683), Ranbaxy Laboratories (down 1.84 percent to Rs.485.10), Grasim Industries (down 1.64 percent to Rs.2218.50), Hindustan Unilever (down 0.59 percent to Rs.245.65), BHEL (down 0.51 percent to Rs.1739.30) and Cipla (down 0.12 percent to Rs.207.55).
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