Sensex extends losses for the 5th day, closes 17 pts down

  • PTI, Mumbai
  • Updated: Jul 14, 2014 16:57 IST

The benchmark Sensex on Monday extended losses for the fifth consecutive day as it slipped another 17 points to end at 25,006.98 on selling pressure mainly in consumer durables and IT shares, amid capital outflows.

Foreign portfolio investors (FPIs) were net sellers of Rs 723.48 crore on last Friday as per provisional data from the stock exchanges. The offloading occurred after being buyers in previous six sessions, that had consequently helped stocks scale new highs in the run-up to the Union Budget.

Signs of recovery on the macroeconomic front failed to enthuse investors. Inflation dipped to 5.43% in June as against 6.01$ in May, government data showed on Monday.

On Friday post market hours, data had showed that factory output grew at 19-month high of 4.7% in May.

The BSE Sensex opened higher at 25,093.16 and moved up further to 25,095.76. However, profit-taking in select stocks pushed it immediately to 24,892.00 before settling at 25,006.98 -- a loss of 17.37 points or 0.07% from its last weekend's level of 25,024.35.

IT major Infosys ended lower by 2.97 per cent after gaining on Friday on account of better-than-expected earnings.

Shares of Reliance Industries fell 0.53 per cent to Rs 961.85 after the government slapped an additional penalty of $ 579 million on the company for producing less than targeted natural gas from its KG-D6 block.

Losses in shares of HUL (down 2.64%), ICICI Bank (down 0.83%) and HDFC (down 0.71%) also hurt.

The gauge has now lost over 1,093 points in five days. The NSE 50-share Nifty today eased by 5.45 points or 0.07% to end at 7,454.15.

Sectorwise, the BSE Consumer durables index lost 2.24%, followed by IT index (1.27%), among others.

However, Asian markets ended higher as euro zone banking jitters faded. Key benchmark indices in South Korea, China, Taiwan, Hong Kong and Japan rose by 0.26% to 0.96% while Singapore fell by 0.14%.

European markets were trading higher in their early trade as key benchmark indices in France, UK and Germany rose by 0.55% to 0.70%.

From Around the Web
Sponsored by Revcontent

also read

I had resigned. Narasimha Rao ji asked me to complete the unfinished task: Manm...
Show comments

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Chrome and Ad BlockPlus users

1.Press the ‘ABP’ icon in your toolbar at top right of this page

2. Click on ‘Enabled on this site’; this should now change to ‘Disabled on this site’


chrome



For Chrome and Ad Block users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don’t run on pages on this domain’ and then click ‘exclude’ on the pop up


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Mozilla and AdBlock Plus (ABP) users

1.Press the ‘ABP’ icon in your toolbar

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Internet Explorer and AdBlock Plus users

1.Press the ‘AdBlock Plus’ icon in your status bar at the bottom of the screen

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Safari and AdBlock users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don't run pages on this domain’ and then click 'exclude'


chrome