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Mumbai: Benchmark
indices of Indian equities fell for the third day Thursday as
concern over European economies and the depreciating rupee weighed
on the markets. Metals, auto and power stocks came under intense
selling pressure on heavy funds outflow.
Amid volatile trade, the 30-scrip sensitive index (Sensex) of the
Bombay Stock Exchange (BSE), which opened in the positive at
16,515.62 points, closed at 16,420.05 points, down by 0.36 percent
or 59.53 points from its previous close of 16,479.58 points.
The Sensex touched a high of 16,671.81 points and a low of
16,377.02 points in the intra-day. The midcap index of BSE rose
3.82 points, while smallcap index closed 15.76 points down.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange
closed 0.18 percent down at 4,965.70 points.
Market participants and analysts said trading was in the negative
zone as uncertainty prevailed over the Greece bailout and the
Indian rupee extended losses. The sentiment was also bearish in
European markets.
The banking index fell 1.89 percent. State Bank of India, the
country's largest lender, slumped 3.64 percent at Rs.1,887.60.
ICICI Bank fell 1.02 percent at Rs.821.80 and HDFC Bank declined
0.58 percent at Rs.512.45.
The metals index fell 1.02 percent, auto index declined 0.89
percent and power index closed 0.75 percent down.
Major Sensex losers included Maruti Suzuki, down 3.18 percent at
Rs.1,260.50, Jindal Steel, down 2.68 percent at Rs.458.05, State
Bank of India (SBI), down 2.32 percent at Rs.1,843.75, Hero
MotoCorp, down 1.53 percent at Rs.1,842.85 and Coal India, down
1.50 percent at Rs.321.55.
Prominent Sensex gainers included: DLF, up 2.25 percent at
Rs.186.20, BHEL, up 1.46 percent at Rs.219.30, ONGC, up 1.27
percent at Rs.259.55, Mahindra and Mahindra, up 0.93 percent at
Rs.661.25 and Cipla, up 0.91 percent at Rs.325.55.
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