Sensex dips below 14,000 level led by RIL
The benchmark Sensex loses over 143 points on emergence of selling by funds at heavy-weight counters like Reliance Industries and Infosys Technologies.business Updated: May 04, 2007 16:41 IST
The benchmark Sensex dipped below 14,000 level on the Bombay Stock Exchange on Friday by losing over 143 points on emergence of selling by funds at heavy-weight counters like Reliance Industries and Infosys Technologies.
The 30 share index, Sensex, ended 143.94 points at 13,934.27 as RIL shares dropped after the report the Bombay High Court issued an interim order restraining Reliance Industries from selling natural gas from KG gas field to a third party.
Though, the market commenced the day with a gain of over 111 points as most of the cement stocks firmed up on the government decision to ease excise on the product. The index witnessed the day's high of 14,189.21 and a low of 13,912.92.
The wide-based National Stock Exchange index Nifty fell by 33.50 points at 4117.35 after touching the day's high of 4180.90 and a low of 4109.70.
Stocks of Reliance Industries plunged by Rs 40.55 at Rs 1582.55 and Infosys Technologies by Rs 9.05 at Rs 2072.25. Both the shares have around 22 per cent weightage on the benchmark Sensex.