Sensex down 75 points, Jindal Steel slumps (Lead)

August 28th, 2012 - 4:22 pm ICT by IANS  

Sensex Mumbai, Aug 28 (IANS) A benchmark index of Indian equities markets was trading 75 points lower in late afternoon trade Tuesday, tracking weak European markets. Metal, consumer durables and capital goods stocks were the worst performers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,676.13 points, was ruling at 17,603.10 points, 0.43 percent or 75.71 points down from its previous day’s close at 17,678.81 points.

The Sensex touched a high of 17,712.35 points and a low of 17,570.71 points in intra-day trade.

The wider 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling 0.49 percent down at 5,323.80 points.

On the sectoral front, the BSE metal index was down 325.33 points followed by the consumer durable index, down 112.60 points, and the capital goods index, down 151.88 points.

The main Sensex losers were Jindal Steel, down 6.48 percent at Rs.352.70; Sterlite Inds, down 5.40 percent at Rs.104.20; Hindalco Inds, down 3.68 percent at Rs.106; Tata Steel, down 2.22 percent at Rs.376.95; and Larsen and Toubro, down 2.04 percent at Rs.1,369.

The major gainers were Tata Power, up 1.71 percent at Rs.98.35; TCS, up 1.71 percent at Rs.1,341.70; NTPC, up 1.39 percent at Rs.171.25; ITC, up 0.98 percent at Rs.267.95; and Infosys, up 0.85 percent at Rs.2,431.

Other Asian markets closed mixed. Japan’s Nikkei was down 0.57 percent while Shanghai’s composite index ended 0.85 percent higher. Hong Kong’s Hang Seng was up 0.07 percent.

Among European markets, France’s CAC was down 0.71 percent and so was Germany’s DAX, down by 0.58 percent. Britain’s FTSE 100 was down 0.22 percent.

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