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Wrap-up| Japan continues to haunt investors

Wrap-up| Japan continues to haunt investors
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First Published: Tue, Mar 15 2011. 04 52 PM IST
Updated: Tue, Mar 15 2011. 04 52 PM IST
New Delhi: The Japanese nuclear crisis continues to rattle markets. Indian markets ended the day in losses as well as investors fled towards relatively risk-free assets. Even news of better-than-expected advance tax numbers failed to boost investor sentiment.
Sensex: 18,167 –1.5% Nifty: 5,449 –1.5%
Nikkei: 8,605 –10.5%
Hang Seng: 22,678 –2.9%
Mining company Sesa Goa was the biggest loser aming the Nifty 50. The company is facing the risk of lower revenues due to falling ore prices and exports.
Sesa Goa: Rs 260 –4.1%
Reliance Power: Rs 122 –4%
JP Associates: Rs 80 –3.9%
Maruti Suzuki: Rs 1,211 –3.6%
On the other hand, Reliance Industries gained as refining margins surged because oil refining and petrochemicals plants shut down in Japan.
Reliance Industries: Rs 1,036 +1.7%
Except for oil & gas, all sectoral indices closed in red. Real estate stocks lost the most. Investors sold real estate stocks on concerns that the forthcoming RBI meet will lead further raise interest rates, dampening already weak housing demand. Worried investors also sold electricity producing companies on expectations that Japan will turn-to fossil fuels like coal to compensate for the loss of nuclear power.
BSE Realty: 2,053 –3.1%
BSE Auto: 8,648 –2%
BSE Metal: 15,359 –2%
BSE Power: 2,534 –2%
BSE IT: 6,122 –1.9%
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First Published: Tue, Mar 15 2011. 04 52 PM IST
More Topics: Markets Update | NSE | BSE | Sensex | Nifty |