Sensex slumps 126 points on weak global cues (Lead)

September 5th, 2012 - 4:01 pm ICT by IANS  

Sensex Mumbai, Sep 5 (IANS) A benchmark index of Indian equities markets extended losses in late afternoon trade Wednesday on weak global cues and was trading 126 points lower. Metal, capital goods and banking stocks were the worst performers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,359.96 points, was ruling at 17,314.82 points, 0.72 percent or 126.05 points down from its previous day’s close at 17,440.87 points.

The Sensex touched a high of 17,411.67 points and a low of 17,250.80 points in intra-day trade.

The wider 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling 0.87 percent down at 5,228.10 points.

On the sectoral front, the BSE metal index was down 237.92 points, capital goods index was down 208.30 points and the banking index was down 174.94 points.

The main Sensex losers were BHEL, down 4.41 percent at Rs.209.25; Jindal Steel, down 4.18 percent at Rs.338.10; Tata Steel, down 3.33 percent at Rs.351; ICICI Bank, down 3.09 percent at Rs.883.85; and Sterlite Inds, down 3.01 percent at Rs.93.35.

The major gainers were Bharti Airtel, up 2.90 percent at Rs.256.90; Hindustan Unilever, up 1.66 percent at Rs.529.95; TCS, up 0.66 percent at Rs.1,351; and ITC, up 0.56 percent at Rs.267.75.

Among other Asian markets, Japan’s Nikkei was down 1.09 percent while Shanghai’s composite index was trading 0.29 percent lower. Hong Kong’s Hang Seng was down 1.47 percent.

European markets were trading lower too, ahead of European Central Bank meeting Thursday. France’s CAC was down 0.66 percent and so was Germany’s DAX, down by 0.47 percent. Britain’s FTSE 100 was trading 0.65 percent lower.

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