Sensex ends 64 points lower on expiry day
Intense selling in the last minutes of trade pulled down benchmarks of Indian equities as investors off-loaded their long positions on the October future series expiry day today.business Updated: Oct 28, 2010 18:28 IST
Intense selling in the last minutes of trade pulled down benchmarks of Indian equities as investors off-loaded their long positions on the October future series expiry day on Thursday.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,116.49 points, closed at 19,941.04 points, down 64.33 points or 0.32 per cent from its previous close at 20,005.37 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended at 5,996.75 points, down 0.26 per cent.
Broader markets also closed lacklustre. The BSE midcap index ended 0.64 per cent lower, while the BSE smallcap index moved 0.53 per cent down.
Realty, consumer durables, power and metal stocks ended in the red, while auto scrips moved up modestly.
Top Sensex gainers at this time were Bharti Airtel, up 2.62 per cent at Rs.330.45; Hero Honda, up 2.2 per cent at Rs.1,901.25; HDFC, up 1.88 per cent at Rs.692.30, and HDFC Bank, up 0.74 per cent at Rs.2,272.70.
Among the losers were Jaiprakash Associates, down 2.24 per cent at Rs.122.40; DLF, down 2.22 per cent at Rs.355.15; NTPC, down 1.79 per cent at Rs.195.20, and Tata Steel, down 1.57 per cent at Rs.604.75.
The market breadth was tilted towards the negative, with 1,167 stocks advancing, 1,770 declining and 152 remaining unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought scrips worth $21.95 million Thursday.
FII fund inflows have crossed $6.54 billion so far in October, with yearly inflows touching almost $25 billion.
Other Asian markets too were trading dull with speculation still rife over how much stimulus the US Federal Reserve would pump in to revive a faltering recovery in the world's largest economy.
Hong Kong's Hang Seng shut shop 0.2 per cent up at 23,210.86 points, while the Japanese Nikkei closed 0.22 per cent down at 9,366.03 points.
The Shanghai Composite index ended at 2,992.58 points, down 0.15 per cent.
European bourses moved up afer the region's corporates posted better-than-expected earnings results, boosting sentiments.
Around mid-day, Britain's FTSE 100 was trading 0.63 per cent higher at 5,681.82 points.
The German DAX was up 0.54 per cent at 6,603.2 points, while the French CAC 40 was 0.58 per cent higher at 3,837.79 points.
First Published: Oct 26, 2010 10:32 IST