Sensex closes 236 points lower on negative global cues
November 15th, 2011 - 6:54 pm ICT by IANS
Mumbai, Nov 15 (IANS) Indian equities markets closed in the red Tuesday with a benchmark index falling 236 points on negative global cues, particularly from the European bourses.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 17,081.62 points, closed at 16,882.67 points, down 236.07 points or 1.38 percent from its previous close at 17,118.74 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also fell to close 79.85 points or 1.55 percent lower at 5,068.5 points.
Broader markets also closed in the red with the BSE 500 index ending 2.58 percent down. The BSE midcap index closed 2.58 percent lower while the BSE smallcap index ended 2.77 percent down.
The market breadth at the BSE was negative with 629 stocks advancing and 2,230 scrips declining, while 101 remained unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors were net buyers Tuesday to the tune of $43.1 million.
There were only three gainers on the Sensex: Cipla, up 6.51 percent at Rs.306.90; Tata Motors, up 1.91 percent at Rs.181.30 and HDFC Bank, up 0.23 percent at Rs.471.80.
The losers on the benchmark were: DLF, down 6.66 percent at Rs.208.25; M&M;, down 3.97 percent at Rs.759; ICICI Bank, down 3.7 percent at Rs.790.75 and L&T;, down 2.81 percent at Rs.1,288.80.
Asian markets too ended in the red, as a rise in Eurozone bond yields signalled doubts in investors about the ability of politicians in Italy and Greece to push through reforms to resolve their debt crises.
The Japanese Nikkei closed 0.72 percent down at 8,541.93 points, while Hong Kong’s Hang Seng ended 0.82 percent lower at 19,348.44 points.
The Chinese Shanghai composite index closed flat at 2,529.76 points.
European markets also slipped and were ruling in losses. Britain’s FTSE was ruling 1.26 percent lower at 5,449.46 points, the German DAX was trading 2.09 percent down at 5,859.77 points.
The French CAC 40 was ruling 2.05 percent down at 3,045.35 points.
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Tags: asian markets, benchmark index, bond yields, bse, cipla, european bourses, european markets, exchange board, foreign institutional investors, german dax, hdfc, market breadth, midcap index, national stock exchange, sebi, securities and exchange board of india, sensitive index, shanghai composite index, smallcap index, tata motors