Sensex falls in afternoon trade (Lead)

May 12th, 2011 - 3:57 pm ICT by IANS  

Sensex Mumbai, May 12 (IANS) A benchmark index of Indian equities markets Thursday fell over 200 points in afternoon trade. Broader indices too were in the red.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,525.32 points, was ruling at 18,384.32 points, down 200.64 points or 1.08 percent from its previous close at 18,584.96 points.

It had slipped 228 points to 18,356.32 points.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading weak at 5,498.3 points, down 1.2 percent.

Broader markets were in the red, with the BSE midcap index ruling 0.72 percent down and the BSE smallcap index 0.78 percent down.

Metal, banking and capital goods stocks fell. Some buying was seen in realty scrips.

The market breadth was tilted towards the negative with 947 stocks advancing, 1,710 on the decline and 111 unchanged.

Among gainers on the Sensex were DLF, Reliance Communications, ONGC and Bajaj Auto. Losers included Hindalco, Sterlite Industries, Jaiprakash Associates and HDFC.

The fall in commodities prices spurred a selling spree at Asian markets.

The Nikkei of the Japanese stock exchange closed 1.5 percent lower at 9,716.65 points, while the Hong Kong’s Hang Seng closed 0.94 percent down at 23,073.76 points.

The Shanghai Composite index of the Chinese markets closed 1.36 percent down at 2,844.08 points.

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