Poor factory output growth pulls Indian equities down
March 11th, 2011 - 1:58 pm ICT by IANS
Mumbai, March 11 (IANS) Topsy turvy trading continued on Indian stock markets Friday, with sentiments affected by a lower-than-expected growth in factory output, and led a key index to swing both ways after opening lower compared to the previous close.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 18,248.11 points, against Thursday’s close at 18,327.98 points, but clawed back to the positive territory at 18,368.43 points about an hour into trading.
Then came the statistics on the country’s index for industrial production, which showed a growth of just 3.7 percent in January over the like month of the previous year. This sent the key index to ip to 18,168.28 points.
Around noon, the index was ruling at 18,189.21 points, with a loss of 138.77 points, ot 0.76 percent, data with the exchange showed. Just three out of 13 sector-specific indices were in the green. Small-cap and mid-cap indices were also in the red.
Within the 30 Sensex stocks, 24 were in the red and only four were staying afloat.
The situation was no different at the National Stock Exchange (NSE) where the broader 50-share S&P; CNX Nifty was quoting at 5458.60 points, with a loss of 35.80 points or 0.65 percent over the previous day’s close, data with the bourse showed.
- Sensex slumps on poor factory output, Japan quake (Lead) - Mar 11, 2011
- Indian stocks slump on poor factory output, Japan quake (Roundup) - Mar 11, 2011
- Day after budget, Indian equities still rule strong - Mar 01, 2011
- Amid volatile trading, key Indian stock index dips - Mar 09, 2011
- Indian equities open firm on all-round buying - Mar 24, 2011
- Budget proposals sharply push up Indian equities (Lead) - Mar 01, 2011
- Indian equities recoup early losses - Mar 03, 2011
- Sensex closes 64 points up (Lead) - Mar 02, 2012
- Sensex loses 265 points, closes below 18,000 points (Second Lead) - Feb 08, 2011
- Late selling pulls Sensex 267 points down Lead) - Feb 18, 2011
- Sensex makes up intra-day losses, closes 60 points up (Second Lead) - Feb 07, 2011
- Sensex slips after touching 18,000 points - Mar 14, 2012
- Sensex slips from day's highs to close 286 points up (Second Lead) - May 06, 2011
- Sensex closes 284 points down (Lead) - May 05, 2011
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
Tags: bombay stock exchange, bourse, bse, indian stock markets, ip, march 11, mid cap, mumbai, national stock exchange, nse, previous year, sensex, sensitive index, sentiments, small cap, statistics, stocks