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Sensex loses 82 points at closing, early gains wiped off

The BSE-30 share index rolls down on selling by funds in heavyweight stocks to settle at 14,080.14.

business Updated: Jun 18, 2007 17:59 IST

Amid wild fluctuations, Indian equities ended in the red on Monday, as investors exercised caution despite showing strong interest ahead of the mega share sale offer by leading private lender ICICI Bank Ltd.

After choppy trade, the 30-share index falls 82.57 points, or 0.58 per cent, to close at 14,080.14 points. Only seven of the sensex shares managed to end higher.

The 50-issue Nifty of National Stock Exchange (NSE) started on a strong note but ended lower by 24.53 points, or 0.58 per cent, at 4,147.10 points.

The biggest losers on the BSE included Ranbaxy Laboratories, Hero Honda Motors, Tata Steel, HDFC Bank, Bajaj Auto, HDFC, Wipro, Tata Consultancy Services, Larsen and Toubro and Satyam Computer.

Drug major Ranbaxy was down 3.89 per cent at Rs 359.25, top two-wheeler maker Hero Honda was down 3.87 per cent at Rs 653.70 and steel major Tata Steel was down 1.86 per cent at Rs 588.95.

India's second-largest private bank HDFC Bank, last traded at Rs.1,087.90, down 1.84 per cent losing Rs.20.35 on its last traded share.

On the other hand, ICICI Bank led the major index gainers after it announced the country's largest-ever sale of shares in India and the US. Its scrip rose 1.08 per cent to Rs 917.85.

Following next were Oil and Natural Gas Corp, up 0.73 per cent at Rs 889.50, and aluminium producer Hindalco Industries, up 0.50 per cent at Rs 162.10.

Top cement producer ACC, hospitality and tobacco major ITC, automobile major Maruti Udyog, and consumer goods company Hindustan Lever were the others that ended higher.

First Published: Jun 18, 2007 16:42 IST