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Stock Markets Stock Markets BSE Benchmark Sensex dips 104 pts
Stock Markets Stock Markets BSE Benchmark Sensex dips 104 pts
| BSE Benchmark Sensex dips 104 pts |
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| Written by Reetu Sharma |
| Monday, 13 July 2009 16:50 |
 The benchmark indices ended lower inline with the global peers as huge cut was seen in most of the Asian markets. The Sensex closed at 13,400 down 104 points, after seeing a recovery of 180 points from an intraday low of 13,219. The Nifty fell 0.75% or 30 points to settle at 3,974, after a recovery of 55 points from day's low of 3,918. Among the broader indices - the BSE Midcap Index was down 2.84% or 133 points and Smallcap Index lost 3.38% or 176 points. Selling was seen in metal, realty, telecom, capital goods, power and auto stocks while slight recovery was seen in technology and banking stocks.The market breadth was extremely weak and the total turnover dropped 12.6% to Rs 67,617 cr. as against Rs 77,419 cr. Movers & Shakers The metal index ended down 3.7 %. SAIL, Nat. Alumn, Tisco, JSW Steel and Hindalco were down 4-8%. The BSE realty index also dropped 3.7 %. Peninsula Land, Mahindra Lifes and Phoenix Mills fell more than 7.9 % each. DLF and Unitech were down 3% each. The BSE auto index shed 2.5 %. Stocks like Telco, Hero Honda, Maruti and M&M down were down 2-3%. The power index lost 2.4 %. RelianceInfra down 6%, TataPower, Suzlon and Neyveli were down 2-3.5%. In the banking space stocks like Axis Bank, Icici Bank and HDFC were up 0.5-2%. Sugar stocks took a huge hit. Bajaj Hind, Balrampur Chini, Renuka and Triveni Engg lost 7-12%. In the Sensex pack Reliance Infra was the top loser down 6.1 % to Rs 966. Tata Steel, JP Associates and Maruti were the other losers down more than 3.4 % each. Sun Pharma, however, was the gainer up 2.5 %. The company over the weekend reached an agreement with Forest Laboratories over a patent infringement dispute for Forest's bestselling antidepressant, Lexapro. TCS, Infosys and Wipro also ended in the positive zone up 0.5-2.8%. |
| Last Updated on Monday, 13 July 2009 17:00 |