Close: Satyam drags Sensex for 2nd day, ends 1.8% lower

Close: Satyam drags Sensex for 2nd day, ends 1.8% lower
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First Published: Fri, Jan 09 2009. 04 20 PM IST
Updated: Fri, Jan 09 2009. 04 20 PM IST
New Delhi: The Bombay Stock Exchange benchmark Sensex closed 1.88% lower on Friday, 9 January, continuing its fall for a second consecutive day after Wednesday’s revelations of the Stayam Computer Services scandal.
Markets opened the day’s trade lower by over 1% but around noon had marginally bounced back recovering some early losses yet trading volatile. Most buying was seen among the IT, auto, banking and FMCG stocks.
However, metal, capital goods, realty, oil and gas stocks were under selling pressure due to countrywide strike by truckers’ and oil PSU officers, that affected the supply of petroleum goods and essential commodities.
The 30-share BSE index closed down 180.41 points at 9,406.47 and broad based 50-share NSE dipped by 47.40 points to 2873.00.
Stayam stocks were the most active in the index and suffered maximum battering, dipping to its lowest by 40.30% to Rs23.85.
Other index losers were Reliance Communications Ltd, lower by 9.61% to Rs186.65, Sterlite Industries by 9.55% to Rs273.10, Tata Steel by 8.20% to Rs 214.50, Reliance Infrastructure by 7.70% to Rs 516.30 and DLF Ltd by 7.25% to Rs 217.60.
Tata Consultancy Services was the top most gainer on the BSE index with a rise of 6.34% to Rs 535.65, some others were Hindustan Unilever Ltd by 4.79% to Rs 263.50 and NTPC by 4.03% to Rs 178.10.
Asian markets ended mixed with investors expecting a dismal US job data for the month of December to be released. Japan’s Nikkei ended 0.27% down and Hong Kong’s Hang Seng lost 0.73%.
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First Published: Fri, Jan 09 2009. 04 20 PM IST
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