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 Sensex falls 126 points on weak rupee and global cues
Amid volatile trade, the 30-scrip sensitive index (Sensex) of the
Bombay Stock Exchange (BSE), which opened at 16,391.90 points,
closed at 16,312.15 points -- down 0.77 percent or 126.43 points
from its previous close of 16,438.58 points.
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Mumbai: A benchmark
index for Indian equities markets Friday plunged 253 points to
close below the 16,000-mark amid concerns over slowing economic
growth and weak global cues.
Amid volatile trade, the 30-scrip sensitive index (Sensex) of the
Bombay Stock Exchange (BSE), which opened at 16,217.48 points,
closed at 15,965.16 points -- down 1.56 percent or 253.37 points
from its previous close of 16,218.53 points.
The Sensex touched a high of 16,226.19 points intra-day and s low
of 15,933.48. The midcap index of the BSE fell 86.32 points, while
smallcap index closed 76.56 points down.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange
was down 1.68 percent at 4,841.60 points.
Market sentiment was hurt by India's economic growth that slumped
to nine-year low of 5.3 percent in the fourth quarter of 2011-12.
For the 2011-12 financial year, the growth dipped to 6.5 percent
as compared to 8.4 percent in the previous year.
Weak Asian stocks and lower opening in Europe on disappointing
Chinese manufacturing numbers and US data contributed further to
the negative mood.
The market breadth was negative as 1,719 stocks declined while 828
scrips advanced.
The capital goods index was down by 2.99 percent followed by power
index, down 2.49 percent, and automobile index, down by 2.71
percent.
Tata Motors was the top loser at the Sensex. It was down 3.73
percent at Rs.224.50.
Other main losers were Larsen and Toubro, down 3.22 percent at
Rs.1,134.50; RIL, down 3.16 percent at Rs.683.70; Sterlite Inds,
down 3.08 percent at Rs.91.20; Maruti Suzuki, down 2.94 percent at
Rs.1,073.90; and ONGC, down 2.92 percent at Rs.246.30.
The only three Sensex gainers were Gail India, up 2.65 percent at
Rs.331; ITC, up 1.54 percent at Rs.233.80; and Sun Pharma, up 0.24
percent at Rs.568.85.
In the Asian region, Japan's Nikkei slumped by 0.74 percent, while
Hong Kong's Hang Seng by 0.74 percent.
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