BSE Sensex snaps 3-day rally; down over 113 pts on profit booking
   
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BSE Sensex snaps 3-day rally; down over 113 pts on profit booking

Last Updated: Tuesday, July 2, 2013, 16:43
 
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BSE Sensex snaps 3-day rally; down over 113 pts on profit booking
Mumbai: Snapping its three-day rally, the BSE benchmark Sensex on Tuesday fell by over 113 points, mainly due to profit booking by investors after recent gains in bluechips, including Infosys and RIL, amid signs of some capital outflows.

The 30-share index started the day on a bearish note at 19,529.31 and fell further by 113.57 points, or 0.58 percent, to 19,463.82. Sensex had gained over 1,000 points in the last three sessions.

Similarly, the wide-based National Stock Exchange index Nifty lost 41.30 points, or 0.70 percent, to close at 5,857.55. Also, SX40 index, the flagship index of MCX-SX, closed 54.34 points, or 0.47 percent lower at 11,566.47.

Brokers said a fall in heavyweights Reliance Industries and and Infosys as investors rushed to book profits after bourses surged to new highs in the past couple of days.

Also, a downtrend in realty, auto and banking sectors weighed on the trading sentiment, amid a weak opening in Europe as investors awaited a report on the US factory orders.

Meanwhile, rupee declined by 16 paise to 59.67 in mid-session today. Foreign institutional investors pulled out Rs 1.48 crore from local equities yesterday, as per BSE provisional data.

Out of the 30 BSE shares, 18 stocks ended in the negative. RIL dropped 1.30 percent to Rs 871.30 and Infosys by 1.72 percent to Rs 2,405.55.

In auto sector, Tata Motors dropped 1.10 percent to Rs 286.45, tractor maker Mahindra and Mahindra by 0.26 percent to Rs 979.90, Maruti Suzuki by 1.62 percent to Rs 1,579.20, Hero MotoCorp by 1.07 percent to Rs 1,680.25 and Bajaj Auto by 0.27 percent to Rs 1,918, following reports of decline in auto sales.

Sectorally, the realty sector index suffered the most by losing 1.78 percent to 1,562.20, followed by public sector undertaking sector by 1.05 percent to 6,187.37.

PTI



First Published: Tuesday, July 2, 2013, 16:40


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