Sensex edges lower, broader markets end flat on negative global cues (Roundup)
June 8th, 2011 - 6:10 pm ICT by IANS
Mumbai, June 8 (IANS) A benchmark index for Indian equities markets Wednesday closed 101 points lower while broader market indices ended subdued as negative global cues dampened trader sentiments.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,448.4 points, closed at 18,394.29 points — down 101.33 points or 0.55 percent from its previous close at 18,495.62 points.
The Sensex was caught in a tight range, with a low of 18,365.94 points and a high of 18,505.10 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended lower at 5,526.85 points, down 0.53 percent.
Broader markets ended flat.
Healthcare, banking and auto stocks were among the major losers, while FMCG and consumer durable scrips gained.
The market breadth was negative with 1,385 stocks advancing, 1,431 on the decline and 135 remaining unchanged.
Gainers on the 30-scrip Sensex included Reliance Communications, up 2.45 percent at Rs.94.25; Hindustan Unilever, up 1.69 percent at Rs.313.40; NTPC, up 1.04 percent at Rs.174.90 and ITC, up 0.83 percent at Rs.194.70.
The losers were Hero Honda, down 3.6 percent at Rs.1,768.25; ONGC, down 2.33 percent at Rs.270.05; Hindalco, down 1.92 percent at Rs.184.15 and HDFC, down 1.63 percent at Rs.659.65.
According to data available with the Securities and Exchange Board of India, foreign institutional investors bought scrips worth $8.12 million Wednesday.
Global markets were in the red after US Federal Reserve chairman Ben Bernanke said Tuesday that the US economic recovery had slowed in recent weeks. Bernanke, however, did not spell out any measures to arrest the declining growth.
In Asia, the Nikkei of the Japanese stock exchange closed flat at 9,449.46 points, while the Hang Seng of the Hong Kong stock exchange was down 0.91 percent to end at 22,661.63 points.
The Chinese Shanghai composite index closed 0.22 percent up at 2,750.29 points.
European markets too fell as investors reacted negatively to Bernanke’s speech.
Britain’s FTSE was ruling 1.23 percent down at 5,792.75 points.
Around midday, the French CAC 40 fell 1.14 percent at 3,827.92 points, while the German DAX was down 1.44 percent at 7,000.74 points.
- Sensex closes 138 points lower, ignores positive global cues - Aug 25, 2011
- Sensex in red, range-bound (Lead) - Jun 08, 2011
- Sensex closes 176 points higher despite dull global cues (Roundup) - Jun 23, 2011
- Sensex continues to trade lacklustre, RIL soars (Lead) - Jan 18, 2012
- Sensex rises 204 points on short covering, tax clarity (Roundup) - Mar 27, 2012
- Sensex in red; realty, capital goods scrips see selling - Mar 01, 2012
- Sensex slips 100 points; metal, telecom stocks slump - Apr 11, 2012
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
- Choppy trading at Indian equities after outlook downgrade - Apr 26, 2012
- Sensex closes 66 points lower on lacklustre trading day (Roundup) - Jul 21, 2011
- Sensex closes 283 points lower on profit booking (Roundup) - Feb 22, 2012
- Sensex falls 59 points as bearish mood prevails (Lead) - May 10, 2012
- Sensex closes 204 points down amid negative global cues (Roundup) - Aug 02, 2011
- Indian equities markets down, Sensex edges lower (Roundup) - Jul 15, 2011
- Damp global cues weigh on Indian equities but Sensex manages modest gain (Roundup) - Jun 06, 2011
Tags: auto stocks, benchmark index, bombay stock exchange, exchange board, federal reserve chairman, federal reserve chairman ben bernanke, foreign institutional investors, hero honda, hindalco, hong kong stock, hong kong stock exchange, japanese stock, kong stock exchange, market breadth, national stock exchange, ntpc, securities and exchange board of india, sensitive index, shanghai composite index, tight range