Sensex closes 74 points down; auto, realty stocks slump
A benchmark index for Indian equities markets closed 74 points down today due to selling pressure in auto, realty and metal stocks.business Updated: Nov 14, 2011 18:15 IST
A benchmark index for Indian equities markets closed 74 points down on Monday due to selling pressure in auto, realty and metal stocks.
The 30-scrip sensitive index (Sensex) of the BSE, which opened with decent gains at 17,348.52 points, slumped into negative terrain in the last hour of trading and ended the day at 17,118.74 points, down 0.43 % or 74.08 points from its previous close at 17,192.82 points.
The Sensex touched a high of 17,391.99 points and low of 17,094.43 points in the intra-day.
The 50-scrip S&P CNX Nifty of the National Stock Exchange closed 0.40 % down at 5,148.35 points.
At the broader markets, the BSE midcap index slumped 1.6 % and the smallcap index closed 1.76 % down.
The BSE realty index fell 2.56 % and the metal index slumped 2.16 %. The BSE auto index closed almost two % down.
Mahindra and Mahindra tumbled almost six % due to disappointing earnings. The company's net profit declined to Rs.737.38 crore for second quarter of 2011-12 as compared to Rs.758.49 crore during the same quarter last year.
Tata Steel, down 4.03 % at Rs.412.65; Maruti Suzuki, down 2.96 % at Rs.1,027.85; SBI, down 2.48 % at Rs.1,753.05 and DLF, down 2.30 % at Rs.223.10 were among the major losers on the 30-scrip Sensex.
Prominent Sensex gainers included: Bharti Airtel, up 2.48 % at Rs.405.30; Hero MotoCorp, up 1.67 % at Rs.2,209.90; HDFC, up 1.45 % at Rs.470.70 and Sun Pharma, up 1.30 % at Rs.510.40.
Most other Asian markets closed in the positive. The Japanese Nikkei closed 1.05 % higher at 8,603.70 points.
Hong Kong's Hang Seng index climbed 1.94 % at 19,508.20 points and China's Shanghai Composite index advanced 1.92 % at 2,528.71 points.
However, the European markets were trading in the red due to continued concerns over the sovereign debt crisis in the region.
Britain's FTSE was ruling 0.22 % lower at 5,533.09. The German DAX was trading 0.39 % down at 6,033.25 points and the French CAC 40 was down 0.60 % at 3,130.48 points.
First Published: Nov 14, 2011 10:15 IST