Sensex ends marginally lower in volatile trade

Sensex ends marginally lower in volatile trade
PTI
Comment E-mail Print Share
First Published: Tue, Apr 01 2008. 05 14 PM IST
Updated: Tue, Apr 01 2008. 05 14 PM IST
Closing
Mumbai: In volatile trading, the Bombay Stock Exchange benchmark Sensex closed marginally lower on selling in heavy-weight stocks mainly in the capital goods sector.
The Sensex, which moved between 15,834.05 and 15,297.96, closed lower by 17.82 points at 15,626.62 on emergence of selling particularly in Bhel, Larsen and Toubro, Lakshmi Machines and Work, and Crompton Greeves.
The wide-based National Stock Exchange index, Nifty, however gained 5.05 points at 4,739.55. It touched the day’s high of 4,800.75 and low of 4,628.75 points.
The major pull to the market came in from capital good stocks following reports that manufacturing in March grew at a slowest in eight months.
Bharat Heavy Electricals, the largest maker of thermal power equipment, declined the most in more than two weeks. Larsen and Toubro, the nation’s largest engineering company, slid for a second day. Bhel stocks fell by Rs164.70 at Rs1,891.85 and L&T by Rs130.05 at Rs2,894.75.
Afternoon Update
Mumbai: The Bombay Stock Exchange benchmark Sensex reversed an early firm trend at noon today and lost nearly 285 points on emergence of profit selling by funds and general investors.
The 30-share index, Sensex, which commenced the day with a gain of 183 points, fell back sharply to trade at 284.40 points at 15,360.04 at 1200 hours as heavyweights like Reliance Industries, State Bank of India, ACC and ICICI Bank declined sharply.
Similarly, the wide-based National Stock Exchange’s index, Nifty, also went down by 88 points to 4,646.
The Sensex had lost 727 points on Monday before recovering in early trade today by adding 183.32 in the opening session.
Opening
Mumbai: The Bombay Stock Exchange benchmark Sensex gained 183 points in early trade on Tuesday on emergence of buying by funds at existing lower levels.
The 30 share index, Sensex, which lost 727 points on Monday, bounced back by 183.32 points to 15,827.76 in the first five minutes of trade on the back of significant rise in heavy-weight stocks.
Similarly, the wide-based National Stock Exchange’s index, Nifty, also moved up by 66.25 points to 4,800.75 as heavy-weight stocks like ACC, BHEL, Cipla and Tata Steel gained substantial grounds.
Stock brokers said firming global stock markets mainly influenced the trading sentiments.
Hong Kong stock market opened higher today, up by 1.03%, tracking Wall Street gains on the back of better-than-expected US data.
Comment E-mail Print Share
First Published: Tue, Apr 01 2008. 05 14 PM IST
More Topics: Stocks | Open | BSE | NSE | Nifty |