Sensex closes 188 points lower on global sell-off
September 19th, 2011 - 7:27 pm ICT by IANS
Mumbai, Sep 19 (IANS) A benchmark index for Indian equities markets closed 188 points lower Monday, dampened by negative global cues. Rising interest costs and fears of a slowdown in the economy also hurt sentiments.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) which opened at 16,865.93 points, closed at 16,745.35 points, down 188.48 points or 1.11 percent from its previous close at 16,933.83 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended in the red at 5,031.95 points, down 1.03 percent.
Broader markets also closed lower. The BSE 100 index closed 0.91 percent down while the BSE midcap index edged 0.29 percent lower. The BSE smallcap index ended flat.
Capital goods, banking, power and metal stocks fell, while consumer durables saw healthy buys.
The market breadth was negative with 1,358 stocks advancing, compared to 1,415 on the decline and 111 remaining unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought stocks worth $83.12 million.
Major gainers on the Sensex included Maruti Suzuki, up 3.09 percent at Rs.1,140.80; Wipro, up 0.52 percent at Rs.341.55; Hero MotoCorp, up 0.39 percent at Rs.2,210 and Bharti Airtel, up 0.29 percent at Rs.386.95.
Prominent losers were L&T;, down 3.02 percent at Rs.1,560.95; ICICI Bank, down 2.42 percent at Rs.859.65; DLF, down 2.08 percent at Rs.205.10; and Cipla, down 1.79 percent at Rs.277.85.
Asian markets were again hit by worries of a Greek debt default after a meeting Saturday between European finance ministers did not produce any concrete results or announcements.
Hong Kong’s Hang Seng index closed 2.76 percent lower at 18,917.95 points, while the Chinese Shanghai Composite index ended 1.79 percent down at 2,437.79 points.
Japanese markets were closed Monday on account of a holiday.
European bourses too were ruling lower.
Britain’s FTSE was down 1.61 percent at 5,282.02 points, the German DAX was trading 2.35 percent down at 5,442.34 points.
The French CAC 40 was ruling 2.39 percent down at 2,958.72 points.
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