Selling pressure pulls down sensex by 200 points (Roundup)
October 9th, 2009 - 6:53 pm ICT by IANS
Mumbai, Oct 9 (IANS) A key Indian equities index closed 1.19 percent lower Friday after falling sharply in the late afternoon session.
The 30-scrip benchmark index of the Bombay Stock Exchange, Sensex, which opened at 16,915.96 points, shut shop at 16,642.66 points, down 200.88 points or 1.19 percent from Thursday’s closing figure of 16,843.54 points.
The S&P CNX Nifty of the National Stock Exchange (NSE) too ended in the red at 4,945.2 points, down 1.14 percent.
Broader market indices also closed in the negative terrain, with the BSE midcap index moving down 0.69 percent and the BSE smallcap index closing 0.69 percent lower.
Selling pressure was seen across sectors with auto, banking and IT stocks losing the most.
The market breadth was negative with 968 stocks advancing, 1,792 declining and 71 remaining unchanged.
There were only four gainers on the Sensex: Bharti Airtel, up 2.54 percent at Rs.343.15; ONGC, up 1.4 percent at Rs.1,220; Reliance Communications, up 1.24 percent at Rs.249.35; and Hindustan Unilever, up 0.09 percent at Rs.287.05.
Among the top losers were Tata Motors, down 6.66 percent at Rs.548.30; Sterlite, down 3.35 percent at Rs.792.75; Reliance Infra, down 2.91 percent at Rs.1,292.40; and Grasim Industries, down 2.55 percent at Rs.2,399.
According to data with the regulator, the Securities and Exchange Board of India (SEBI), foreign institutional investors sold shares worth $78.2 million Thursday.
Most other Asian markets ended upbeat.
The Nikkei, a key index of the Tokyo Stock Exchange, closed 183.92 points or 1.87 percent higher at 10,016.39 points.
Chinese markets opened after a 10-day holiday. At the Shanghai Stock Exchange, the benchmark SSE Composite shut shop 4.76 percent up at 2,911.72 points.
The Kospi, benchmark index of the Korean Stock Exchange, ended higher at 1,646.79 points, up 31.33 points or 1.94 percent to rule at 1,646.79 points.
However, the primary index of the Hong Kong Stock Exchange, Hang Seng, closed flat at 21,499.44 points, up 6.54 points or 0.03 percent.
European markets were sluggish.
In Britain, the FTSE 100 index was ruling 0.06 percent higher at 5,157.63 points, while its French peer, the CAC 40, was down 0.17 percent at 3,800.48 points.
Germany’s DAX was ruling at 5,708.7 points, down 0.14 percent.
- Sensex climbs 152 points on firm global cues (Roundup) - Jun 30, 2011
- Sensex falls 97 points in choppy trade (Lead) - Dec 27, 2011
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
- Sensex rises 204 points on short covering, tax clarity (Roundup) - Mar 27, 2012
- Sensex closes 119 points higher on short covering (Roundup) - Nov 22, 2011
- Sensex manages to build on rally, closes 100 points up - Sep 08, 2011
- Sensex climbs 119 points; SBI, RIL rally (Lead) - Apr 03, 2012
- Sensex closes 337 points higher backed by global cues - Oct 19, 2011
- Late sell-off pulls down Sensex - Aug 24, 2011
- Sensex ends flat, broader markets gain - Apr 05, 2011
- Sensex closes 283 points lower on profit booking (Roundup) - Feb 22, 2012
- Sensex dips 184 points; capital goods, energy stocks slump (Lead) - Dec 29, 2011
- Sensex jumps 3 percent; metal, banking stocks rally - Oct 07, 2011
- Sensex ruling moderately higher as rate cut hopes fade - Mar 12, 2012
- Sensex rebounds 54 points; TCS, RIL rise (Roundup) - Jun 21, 2011
Tags: asian markets, benchmark index, bharti airtel, bombay stock exchange, chinese markets, exchange board, foreign institutional investors, grasim industries, korean stock, market breadth, national stock exchange, ongc, securities and exchange board of india, shanghai stock exchange, smallcap index, sse composite, sterlite, tata motors, tokyo stock exchange, top losers
