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Sensex tumbles 132 points in late morning deals

Last Updated: Monday, May 13, 2013 - 11:12

Mumbai: Snapping its two-day gaining string, the BSE benchmark Sensex Monday fell by 132 points in late morning trade due to fresh selling in FMCG, IT, technology and capital goods sector stocks, amid mixed Asian cues.

The 30-share index resumed lower at 20,073.41 and hovered in a range of 20,109.08 and 19,967.12 before quoting 19,990.07 points at 1030 hours.

It showed a loss of 132.25 points or 0.66 percent from Friday's closing level.

The NSE 50-share barometer Nifty also moved down by 40.60 points or 0.66 percent to 6,066.65 at 1030 hours.

Major losers were - ITC (2.57 percent), TCS (2.13 percent), BHEL (1.40 percent), Infosys (1.28 percent), HDFC (1.10 percent) and Larsen & Toubro (1.04 percent).

Most of the Asian stocks declined in their early trade with sentiment hit by selling in commodities triggered by a strong dollar, which rose to a fresh four-and-half year peak against the yen on the back of growing confidence in the US economy.

Key benchmark indices in China, Hong Kong, Indonesia, Singapore and Taiwan fell by 0.18 to 1.02 percent while South Korea's Kospi rose 0.03 percent.

Japanese stocks jumped to their highest level in more than five years, boosted by an improved profit outlook and further yen weakness after the Group of Seven major economies refrained from criticising Tokyo's easing policies.

The Nikkei Average rose 1.47 percent.


First Published: Monday, May 13, 2013 - 09:41
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