Sensex closes 204 points down amid negative global cues (Roundup)

August 2nd, 2011 - 7:13 pm ICT by IANS  

Sensex Mumbai, Aug 2 (IANS) Indian equities markets closed 204 points lower Tuesday as traders sold off stocks amid negative global cues and worries of a global economic slowdown.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,283.55 points, closed at 18,109.89 points, down 204.44 points or 1.12 percent from its previous close at 18,314.33 points.

The Sensex had snapped a four-day losing streak Monday, gaining 117 points higher.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended in the red at 5,457.4 points, down 1.08 percent.

Broader markets too edged lower. The BSE midcap index closed 1.53 percent down, while the BSE smallcap index ended 1.45 percent lower.

Realty, metals and banking stocks bore the brunt of the selling.

Among gainers on the 30-scrip Sensex were Cipla, up 2.23 percent at Rs.313.40; NTPC, up 2.12 percent at Rs.180.65; ONGC, up 0.88 percent at Rs.275.70; and RIL, up 0.51 percent at Rs.835.10.

The losers on the benchmark were Jaiprakash Associates, down 5.08 percent at Rs.64.45; Reliance Communications, down 3.46 percent at Rs.98.95; SBI, down 2.88 percent at Rs.2,276.80; and Sterlite Industries, down 2.41 percent at Rs.154.05.

The market breadth was negative on the BSE, with only 856 stocks advancing, against 2,008 scrips declining and 101 remaining unchanged.

Profit booking after Monday’s rally and concerns over faltering growth in the US pulled down global markets.

In Asia, the Japanese Nikkei Tuesday closed 1.21 percent lower at 9,844.59 points.

The Hang Seng of the Hong Kong stock exchange ended 1.07 percent down at 22,421.46 points, while the Chinese Shanghai composite index closed 0.91 percent down at 2,679.26 points.

European bourses too were ruling in the red.

Britain’s FTSE 100 was ruling 0.55 percent down at 5,742.44 points, and the French CAC 40 was ruling 0.4 percent lower at 3,573.73 points.

The German DAX was 0.51 percent down at 6,918.65 points.

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