Sensex falls 115 pts to close at 15551.19
Paring early gains, the Bombay Stock Exchange benchmark Sensex on Tuesday fell by 115 points as investors sold shares to book profits amid dismal export figures.business Updated: Sep 01, 2009 17:17 IST
Paring early gains, the Bombay Stock Exchange benchmark Sensex on Tuesday fell by 115 points as investors sold shares to book profits amid dismal export figures.
The 30-share index dipped by 115.45 points to close at 15,551.19 points. In early trade, it had rose
by over 250 points to 15,923.09 points.
The BSE barometer had lost 255 points on Monday.
The wide-based National Stock Exchange index Nifty fell by 36.25 points to 4,625.35, after moving between 4,735.90 points and 4,600.65 points during the day.
Marketmen said selling pressure mounted following reports that exports declined by 28.4 per cent to $13.6 billion in July. Imports, during the same period dipped by 37.1 per cent to $19.6 billion.
Weak opening of the European stock markets this afternoon further fuelled the selling activities, they said.
The realty sector index suffered the most by losing 3.07 per cent to 4,278.03, followed by the metal sector index by 1.94 per cent to 12,142.16. The Power index fell by 1.66 per cent to 2,942.24, capital goods index by 1.64 per cent to 12,935.62 and healthcare index 1.38 per cent to 3,847.07.
The market suffered a major jolt after index heaviest Reliance Industries dipped 1.10 per cent to Rs 1,982.