Friday, 27 September 2013

Sensex sheds 160 points on weak global cues; Bank, realty stocks slide


The Nifty and the Sensex were trading down by about 0.8 in the pre-close session due to lack of positive cues.

At 3.00 p.m., the Nifty was trading at 5,833.55, down 48.7 points or 0.83 per cent, while the Sensex was trading at 19,733.36, down 160.49 points or 0.81 per cent.

The downtrend was led by banking, realty, metal and capital goods stocks which were down 1.72 per cent, 1.31 per cent, 1.23 per cent and 1.2 per cent, respectively.

On the other hand, oil & gas, healthcare, IT and FMCG stocks capped the Sensex losses and were up 0.54 per cent, 0.08 per cent, 0.02 per cent and 0.01 per cent, respectively.

Hero MotoCorp, Sun Pharma, Coal India, RIL and TCS were the top five Sensex gainers, while the top five losers were BHEL, Tata Steel, Hindalco, Bharti Airtel and HDFC Bank.

European indices, FTSE 100, CAC-40 and DAX were trading marginally in the red after a report said that Bank of England Governor Mark Carney sees no need for further monetary stimulus.

Asian stocks were mixed after US jobless claims data pointed to a improving labour market, reviving hopes of a reduction in US monetary stimulus.

But a stalemate in US congressional negotiations over the budget and increasing the federal borrowing limit is likely to cap the gains in global shares.

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