The Sensex opened with 100 points gap down led by profit booking just after a jump of 510 points yesterday. Even Asian markets were down with moderate losses. Technology, banks, metals and capital goods stocks were down. The Sensex fell 163 points to 15,522.10 and the Nifty lost 44 poinst to 4,649.35.
Shares of Infosys, HCL Tech, Wipro, Axis Bank, Tata Steel, Hindalco, ICICI Bank, JSPL, Sterlite, SBI, Reliance Communications, Reliance Industries, L&T, JP Associates, Ranbaxy Labs, M&M and Bajaj Auto dragged down the market. Technology stocks dropped 1.5-2% after weak outlook from Oracle.
However, ACC, Ambuja Cements, Dr Reddy's Labs, HUL, Cipla and ITC offset some of the losses.
The CNX Midcap fell 50 points to 6,070.
Among the second line shares, Kingfisher Airlines, VIP Industries, Ashok Leyland, Indiabulls Real, Exide Industries, HCC, Pantaloon Retail, GTL, Jet Airways, Onelife, 3i Infotech, Educomp, Delta Corp, Sintex and Orchid Chemical were down between 2% and 3%.
However, SKS Microfinance shot up 5% after increase of FII investment limit.
Food Minister is in talks with Finance Ministry on sugar decontrol. This has boosted Bajaj Hindusthan by 2% and Balrampur Chini is up 4%.
About 3.5 shares declined for every share rising on the National Stock Exchange
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