Sensex recovers some intra-day losses, ends 64 points lower

Sensex recovers some intra-day losses, ends 64 points lower

Last Updated: Wednesday, September 25, 2013, 17:57
 Comment 0
Sensex recovers some intra-day losses, ends 64 points lower
Mumbai: The benchmark S&P BSE Sensex ended 64 points lower Wednesday after paring losses ahead of the expiry of September futures and options contracts on Thursday.

Sensex heavyweights Reliance Industries, HDFC Bank and ITC had dragged the index lower by almost 262 points, while buying in SBI, Tata Motors and ONGC gave support.

Reliance Industries alone contributed 53.01 points to the drop in the Sensex. Sectorally, oil and gas, FMCG and bank shares declined, while power, capital goods and healthcare stocks advanced.

The 30-share index opened higher at 19,947.43 and advanced further to 19,978.49 on initial buying. It dropped to 19,658.74 as investors reduced long positions. The Sensex ended at 19,856.24, a loss of 63.97 points or 0.32 percent.

The 50-share Nifty index on the National Stock Exchange declined 18.6 points, or 0.32 percent, to 5,873.85. The SX40 index on the MCX Stock Exchange ended 72.51 points lower at 11,778.7.

"As the market approached derivative expiry day, the volatility is increasing," said Nagji K Rita, Chairman & MD of Inventure Growth and Securities. "Post the derivative expiry, one can expect the market to take cues from expectation of quarterly results."

Gainers on the Sensex were led by BHEL, up 7.69 percent, and Hindalco Industries, which rose 4.19 percent.

In Asia, barring Hong Kong, which inched up 0.13 percent, other indices declined, weighed down by concerns that US lawmakers will fail to arrange a budget deal preventing a government shutdown next week. European markets were trading narrowly higher.

Major losers from the Sensex pack were RIL (2.93 percent), HDFC Bank (2.78 percent), M&M (2.62 percent), HUL (1.52 percent), ITC (1.36 percent), Bajaj Auto (1.36 percent), Maruti Suzuki (1.28 percent), and HDFC (1.01 percent).

In gainers, BHEL rose by 7.69 percent, followed by Hindalco (4.19 percent), Sesa Goa (3.74 percent), NTPC (2.58 percent), SBI (2.39 percent), Sun Pharma (2.17 percent), Tata Motors (1.90 percent), Bharti Airtel (1.89 percent), Dr Reddy's Lab (1.88 percent), ONGC (1.86 percent), Cipla (1.69 percent) and Hero Motocorp (1.53 percent).

Among the sectoral indices, S&P BSE-Oil&Gas dropped by 1.36 percent, followed by S&P BSE-FMCG (1.12 percent), S&P BSE-Bankex (0.94 percent) and S&P BSE-Realty (0.56 percent).

However, S&P BSE-Power rose by 1.84 percent, followed by S&P BSE-CG (1.45 percent), S&P BSE-HC (1.27 percent), S&P BSE-Metal (1.17 percent) and S&P BSE-PSU (0.93 percent).

The overall market breadth remained negative as 1,269 stocks ended lower and 1,031 finished higher while 158 rule steady.

Total market turnover was slightly higher at 1,646.37 crore as against Rs 1,614.44 crore yesterday.

Foreign Institutional Investors (FIIs) bought a net Rs 382.45 crore today according to provisional data from the stock exchanges.


First Published: Wednesday, September 25, 2013, 17:57


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved