Advertisement

HindustanTimes Wed,22 Oct 2014

Sensex down 44 pts amid investor caution, weak global cues

PTI  Mumbai, April 11, 2012
First Published: 10:13 IST(11/4/2012) | Last Updated: 17:03 IST(11/4/2012)

In thin trade, the BSE benchmark Sensex on Wednesday declined by over 44 points as cautious investors booked profits ahead of industrial growth data and a weak global trend.

Advertisement

Sensex, which had gained 22 points on Tuesday, fell 44.44 points, or 0.26%, to 17,199.40. It had touched the day's high of 17,319.15.

The NSE 50-issue index Nifty fell 16.75 points, or 0.32% to 5,226.85, after dipping below 5,200 intra-day.

Brokers said investors were cautious ahead of the industrial growth data tomorrow and the Reserve Bank's policy meeting on Tuesday amid weak chances of cut in interest rates.

They said a weak trend in the Asian region and concerns over the European debt crisis weighed on investor sentiment.

Metal sector suffered the most following a weak trend on the London Metal Exchange. Tata Steel, Sterlite Industries, Sesa Goa and Jindal Steel were prominent losers.

Of the 30 Sensex stocks, 18 closed in losses. Heavyweight Reliance Industries dropped by 1.36%.


Advertisement
more from Business

Gold is glittering this Dhanteras

Gold is glittering this Dhanteras as jewellers are experiencing good sales driven by better prices compared to last year. Last year, there was a supply crunch of gold in the market after the government hiked its import duty to 15% to curb higher import as that was causing imbalance in the current account deficit in the country.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved