Sensex down by 151 pts on weak global cues
Sensex, which spurted by 550 points in previous day's trading, fell 150.76 points at 14,899.10.business Updated: Sep 04, 2008 16:56 IST
The Bombay Stock Exchange benchmark Sensex on Thursday fell by over 150 points ahead of the release of inflation data amid weak international trend as oil prices firmed up globally.
The 30-share Sensex, which spurted by 550 points in previous day's trading, fell 150.76 points, or 1 per cent at 14,899.10.
It touched the intra-day low of 14,766.01 points and high of 14,994.15 points.
The wide-based National Stock Exchange index Nifty also fell 56.25 points at 4,447.75.
Marketmen said selling pressure picked up ahead of the weekly inflation data amid weak trends in global markets.
A rebound in global crude oil prices to $110 a barrel level mainly pulled down refinery stocks and oil and gas index by 181.31 points at 9,844.65.
The sectoral stocks led by Reliance Industries and ONGC remained weak on heavy selling. However, Aban Offshore surged by Rs 112.10 at Rs 2,214.95 and averted any major fall in the index.
Metal index suffered the most by falling 198.75 points at 12,182.90 on heavy selling on speculation the metal producers might hike prices.
Realty index fell by 171.55 points at 5195.72 followed by capital goods segment which recorded a loss of 115.06 at 12,188.18 as segment majors Larsen and Toubro, BHEL, Areva and Siemens India.