Sensex ends lower by 62 pts; Airtel biggest loser at 3.93%
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Sensex ends lower by 62 pts; Airtel biggest loser at 3.93%

Last Updated: Wednesday, September 26, 2012, 17:54
 
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Sensex ends lower by 62 pts; Airtel biggest loser at 3.93%
Mumbai: The BSE benchmark index Sensex ended 62 points down at 18,632.17 on profit-booking mainly in metal, PSU and capital goods stocks, amid a fall in global markets.

The 30-share index resumed lower and hovered in a narrow range of 18,670.48 to 18,573.18 points before closing at 18,632.17 points, a loss of 62.24 points or 0.33 percent.

The NSE 50-share Nifty also ended lower by 10.45 points, or 0.18 percent, at 5,663.45 points.

Brokers said market witnessed alternate bouts of buying and selling ahead of expiry of September contract Thursday.

They said the sentiment was also dampened by weak global stock markets after the Federal Reserve said the third round of bond buying may fail to stimulate economic growth.

Front-line stocks Bharti Airtel, HDFC Bank, Tata Motors, HDFC, Larsen & Toubro, Coal India, ONGC, TCS and Infosys suffered losses up to 4 percent. Bharti Airtel was the biggest loser at 3.93 percent, followed by Coal India at 2.81 percent and Hindalco at 2.22 percent.

Bucking the trend, Cipla rose by 2.66 percent, Hero MotoCorp by 1.59 percent, SBI by 1.41 percent, ITC by 1.04 percent, Wipro by 0.70 percent and RIL by 0.51 percent.

Shares of IFCI lost 5.76 percent at close, after losing 19 percent at the outset after market regulator SEBI yesterday approved government raising its stake in the firm without triggering an open offer.

The metal sector index suffered the most by losing 1.17 percent to 10,439.32 on poor cues from London Metal Exchange.

Asian stocks ended lower with sharp losses in Japan's Nikkei Average as many Japanese firms started to trade without rights to the latest dividend payouts. Key benchmark indices in China, Hong Kong, Japan, South Korea, Singapore and Taiwan dropped by between 0.55 percent and 2.03 percent.

European shares were also trading lower as borrowing coast surged in Spain on concerns over Catalonia region's future. Key benchmark indices in France, Germany and London declined between 0.97 percent and 1.84 percent.

Out of 30 Sensex scrips, 19 ended in the red while others finished in the green.

Among the sectoral indices, the BSE-Metal declined by 1.17 percent followed by BSE-Teck by 0.68 percent, BSE-PSU by 0.57 percent and BSE-CG by 0.51 percent.

However, BSE FMCG index rose by 0.65 percent and BSE-HC by 0.57 percent.

FIIs bought shares worth a net Rs 5,845.58 crs yesterday, as per provisional data from the stock exchanges, which also kept the market from falling heavily.

The total market breadth at BSE was equal as 1,446 stocks closed with losses while the same figure closed with gains. The total turnover was low at Rs 3,120.02 crore from Rs 3,441.74 crore on Tuesday.

PTI


First Published: Wednesday, September 26, 2012, 17:07


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