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Refinery stocks drag Sensex down 108 points

Refinery stocks drag Sensex down 108 points
PTI
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First Published: Tue, May 13 2008. 04 22 PM IST
Updated: Tue, May 13 2008. 04 22 PM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex fell by 108 points on 13 May on heavy selling in heavyweights led by refinery stocks.
The Sensex, which snapped a five-day-long falling streak and gained 124 points yesterday, declined by 108.04 points at 16,752.86. Initially, it rose to 17,000 level and touched the day’s high of 17,085.63 and low of 16,697.47 points.
The wide-based National Stock Exchange index Nifty fell by 54.85 points at 4,957.80 after touching the day’s high of 5,066.00 and low of 4,943.75 points.
Oil and gas index suffered the most by losing 286.32 points at 10,907.35 followed by information technology index by 32.70 points at 4,265.14. Capital goods index lost 60.85 points at 13,060.97.
PSU index fell by 25.01 points at 7,713.53, teck index by 30.06 points at 3,379.07 and auto index by 18.36 points at 4,669.95.
The market was saved from any major fall as metal sector index rose by 100.57 points at 15,747.88, consumer durable index by 60.32 points at 4,401.45 and bank index by 36.71 points at 8,601.84.
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First Published: Tue, May 13 2008. 04 22 PM IST
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