Monday, 28 October 2013

BSE Sensex falls 113 points; banks, FMCG shares drag


At 2.25 p.m., the 30-share BSE index Sensex was down 87.27 points (0.42 per cent) at 20,596.25 and the 50-share NSE index Nifty was down 39.1 points (0.64 per cent) at 6,105.75.

On the BSE, consumer durables, capital goods and oil & gas indices remained investors' favourite ahead of expiry of F&O contracts this week and were up 1.58 per cent, 0.96 per cent and 0.39 per cent, respectively.

On the other hand, FMCG index fell the most by 2.43 per cent, followed by realty 1.79 per cent, metal 1.5 per cent and bankex 1.18 per cent.

L&T, RIL, HDFC, Bajaj Auto and Maruti were the top five Sensex gainers, while the top five losers were ITC, SSLT, Tata Steel, SBI and Hindalco.

Foreign institutional investors (FIIs) bought shares worth Rs 626.99 crore last Friday as per provisional data from the stock exchanges.

Most European shares were up as investors awaited US data on industrial production and housing for signs of the health of the world’s largest economy.

Stoxx 50 was down 4.46 points or 0.15 per cent at 3,034.50, FTSE 100 was up 8.16 points or 0.12 per cent at 6,721.34 and DAX was up 5.11 points or 0.06 per cent at 8,985.74.

Asian shares were up after weaker-than-estimated US consumer confidence spurred bets that the Federal Reserve will maintain the stimulus.

In the Asian trade, Japan's Nikkei surged 307.85 points or 2.19 per cent to 14,396, Hong Kong's Hang Seng rose 131.38 points or 0.58 per cent to 22,829.70 and Australia's S&P/ASX 200 climbed 55.06 points or 1.02 per cent to 5,441.41.

The US Fed is expected to continue its $85 billion-a-month stimulus package since signs of a rebound in the economy are not clear. It will also look into the US Government shutdown early this month and how it has affected the economy

The BSE Sensex fell on Monday for a fifth consecutive session to mark its lowest close in nearly 1-1/2 weeks, as lenders and other interest rate-sensitive shares declined ahead of the central bank's monetary policy review on Tuesday.

State Bank of India Ltd fell 2.65 percent, while DLF Ltd  ended 3.33 percent lower.
The benchmark BSE Sensex fell 0.55 percent, falling for a fifth straight session after hitting a string of near-three year highs last week.
The broader Nifty lost 0.71 percent.



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