Sensex tanks 120 points, metal, capital goods stocks down

September 5th, 2012 - 2:42 pm ICT by IANS  

Sensex Mumbai, Sep 5 (IANS) A benchmark index of Indian equities markets was trading 120 points lower in afternoon trade Wednesday on weak Asian cues. 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 17,320.05 points, 0.69 percent or 120.82 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 0.82 percent down at 5,230.75 points.

On the sectoral front, the BSE metal index was down 200.53 points, capital goods index was down 166.62 points and the banking index was down 152.92 points.

The main Sensex losers were BHEL, down 3.75 percent at Rs.210.70; Jindal Steel, down 3.67 percent at Rs.339.90; Sterlite Inds, down 2.86 percent at Rs.93.50; Tata Steel, down 2.59 percent at Rs.353.70; and ICICI Bank, down 2.53 percent at Rs.888.95.

The major gainers were Bharti Airtel, up 2.82 percent at Rs.256.70; Hindustan Unilever, up 1.02 percent at Rs.526.60; HDFC, up 0.73 percent at Rs.727.60; and ITC, up 0.38 percent at Rs.267.25.

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 1.27 percent.

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