Sensex closes 133 points lower, RIL weighs heavy (Roundup)
June 17th, 2011 - 6:29 pm ICT by IANS
Mumbai, June 17 (IANS) A benchmark index for Indian equities markets Friday closed 133 points lower to stay below the 18,000-level, weighed down by selling in heavy weight scrips like RIL.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,060.17 points, closed at 17,870.53 points — down 115.35 points or 0.64 percent from its previous close at 17,985.88 points.
At BSE, RIL closed 2.21 percent lower at Rs.868.40.
This was the sixth successive loss-making day for the scrip following a report by the Comptroller and Auditor General of India that said the government and the Oil ministry had favoured RIL by allowing it to double the cost of development of the KG-D6 gas field.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended in the red at 5,366.4 points, down 0.56 percent.
Broader markets too closed lower, with the BSE midcap index ending 0.83 percent down and the BSE smallcap index down 0.92 percent.
The market breadth was negative, with 957 stocks advancing, 1,946 on the decline and 115 remaining unchanged.
IT, energy, healthcare and telecom were among the top losing sectors Friday, while consumer durables ended gainers.
Among gainers on the 30-scrip Sensex were: Tata Steel, up 3.45 percent at Rs.572.25; Bharti Airtel, up 2.58 percent at Rs.380.35; Reliance Communications, up 1.49 percent at Rs.95.10 and Reliance Infra, up 0.97 percent at Rs.580.50.
Prominent among the losers were TCS, down 3.58 percent at Rs.1,110.50; M&M;, down 2.02 percent at Rs.644.95 and Hindalco, down 1.96 percent at Rs.169.85.
Asian markets ended lower as weak economic data from the US and the possibility of a debt default by Greece put pressure on the bourses.
The Nikkei of the Japanese stock exchange closed 0.64 percent down at 9,351.4 points, while the Hang Seng of the Hong Kong stock exchange shut shop 1.17 percent higher at 21,695.26 points.
The Chinese Shanghai composite index moved down 0.81 percent to close at 2,642.82 points.
European markets were ruling mixed.
Britain’s FTSE was ruling 0.1 percent lower at 5,693.17 points.
Around midday, the French CAC 40 was trading 0.48 percent higher at 3,810.7 points, while the German DAX was up 0.44 percent at 7,141.37 points.
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Tags: benchmark index, bharti airtel, bombay stock exchange, comptroller and auditor general, comptroller and auditor general of india, consumer durables, debt default, hindalco, hong kong stock, hong kong stock exchange, japanese stock, kong stock exchange, market breadth, national stock exchange, oil ministry, ril, sensitive index, shanghai composite index, smallcap index, tata steel