Sensex loses 174.42 points (Roundup)
December 18th, 2009 - 6:15 pm ICT by IANS ( Leave a comment )
Mumbai, Dec 18 (IANS) A benchmark index of the Indian equities markets, dragged down by heavy selling in blue chip stocks like Reliance, Bharti Airtel and ICICI Bank, plunged Friday to end 174 points lower than its previous close.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) — which opened at 16,855.91 points — fell sharply in the last 30 minutes of trade to 16,719.83 points, down 174.42 points or 1.03 percent from its previous close at 16,894.25 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty also lost heavily to shut shop at 4,987.7 points, against the previous close at 5,041.75 points, a loss of 54.05 points or 1.07 percent.
Broader market indices were also hit by the selling spree and ended lower, though not as much as the leading indices.
The BSE midcap index closed 0.66 percent lower, while the BSE small cap index ended 0.38 percent down.
The market breadth was tilted towards the negative, with 1,182 stocks advancing, 1,647 scrips declining and 86 remaining unchanged.
Among the major gainers on the Sensex were Tata Motors, up 3.16 percent at Rs.732.75; Sun Pharma, up 1.12 percent at Rs.1,497.85; TCS, up 0.67 percent at Rs.727.50; and Hero Honda, up 0.62 percent at Rs.1,675.40.
Twenty-four Sensex stocks ended lower, prominent among them being RIL, down 2.28 percent at Rs.1,010.45; Sterlite Industries, down 2.03 percent at Rs.818.05; ICICI Bank, down 2.02 percent at Rs.808.80; and DLF, down 1.97 percent at Rs.358.15.
Selling pressure hit other Asian markets as well with most benchmark indices in the red.
The Hang Seng, a benchmark index of the Hong Kong Stock Exchange, ended lower at 21,175.88 points, 0.8 percent or 171.75 points down.
In China, the Shanghai composite index closed 2.05 percent in the red at 3,113.89 points.
A key Japanese index, the Nikkei, was 0.21 percent or 21.75 points down at 10,142.05 points.
The Kospi, the benchmark index of the Korean Stock Exchange, ended flat at 1,647.04 points.
European markets opened on a firmer note but later settled to rule in a tight range.
The FTSE 100 index, benchmark index of the London Stock Exchange, was ruling lower at 5,229.43 points — 11.82 points or 0.23 percent down.
The French index, CAC 40, was 1.16 percent down at 3,830.82 points, while its German peer, the DAX, was trading 1 percent lower at 5,844.44 points.
- Sensex closes dull, IT, metal stocks lose (Second Lead) - Jan 18, 2012
- Sensex snaps three-day rally, slips almost 300 points - Sep 09, 2011
- Sensex continues to trade lacklustre, RIL soars (Lead) - Jan 18, 2012
- Day after rally, Sensex takes a breather - Sep 28, 2011
- Sensex dips below 16,000; global cues, SBI downgrade weigh - Oct 04, 2011
- Sensex closes lower for fifth straight day - Nov 16, 2011
- Rally looses steam, Sensex closes 108 points lower - Sep 05, 2011
- Sensex dives 371 points on rate hike fears, weak global cues - Aug 18, 2011
- Sensex closes 115 points higher in volatile trade - Nov 30, 2011
- Sensex zooms 123 points up, FII interest intact (Roundup) - Feb 09, 2012
- Indian equities markets down, Sensex edges lower (Roundup) - Jul 15, 2011
- Sensex closes higher for third straight session - Sep 02, 2011
- Sensex closes 85 points up, Bharti drags (Roundup) - Feb 08, 2012
- Sensex closes 236 points lower on negative global cues - Nov 15, 2011
- Sensex closes 200 points up as futures expiry nears - Aug 22, 2011
Tags: asian markets, benchmark index, bharti airtel, blue chip stocks, bombay stock exchange, cap index, dlf, hero honda, hong kong stock, hong kong stock exchange, icici bank, japanese index, kong stock exchange, market breadth, national stock exchange, sensitive index, shanghai composite index, sterlite industries, sun pharma, tata motors
