Sensex down 58 points, realty, banks stocks slump (Lead)

August 27th, 2012 - 4:12 pm ICT by IANS  

Sensex Mumbai, Aug 27 (IANS) A benchmark index of Indian equities markets was trading 58 points lower in late afternoon trade Monday after heavy selling in realty, bank and power stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,769.44 points, was ruling at 17,724.63 points, 0.33 percent or 58.58 points down from its previous day’s close at 17,783.21 points.

The Sensex touched a high of 17,820.07 points and a low of 17,701.55 points in intra-day trade.

The wider 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling 0.36 percent down at 5,367.15 points.

The BSE realty index was down 19.74 points. And so were banking index, down 140.31 points, and the power index, down 19.50 points.

The main Sensex losers were Jindal Steel, down 4.88 percent at Rs.378.25; Maruti Suzuki, down 1.93 percent at Rs.1,167.25; SBI, down 1.86 percent at Rs.1,859.50; BHEL, down 1.84 percent at Rs.226.90; and Tata Power, down 1.37 percent at Rs.97.

The major gainers were Mahindra and Mahindra, up 1.43 percent at Rs.773.40; Bharti Airtel, up 1.27 percent at Rs.251.15; Cipla, up 0.86 percent at Rs.370.05; RIL, up 0.75 percent at Rs.788; and Hindustan Unilever, up 0.63 percent at Rs.522.10.

Among other Asian markets, Japan’s Nikkei was up 0.16 percent while Shanghai’s composite index was trading 1.74 percent lower. Hong Kong’s Hang Seng was down 0.41 percent.

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