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Wrap-up| Sensex sinks on profit-booking, high crude prices

Wrap-up| Sensex sinks on profit-booking, high crude prices
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First Published: Fri, Apr 08 2011. 05 27 PM IST
Updated: Fri, Apr 08 2011. 05 27 PM IST
New Delhi: Indian stocks closed weaker on Friday on profit-booking in real estate and automobile stocks. Rising oil prices are also casting a shadow on investor sentiment. Brent crude prices advanced to a 32-month of $124.14 a barrel on concerns that attacks on Libyan oil fields might disrupt supplies for a longer period. (Read more)
Sensex: 19,451 –0.71%
Nifty: 5,842 –0.74%
All sectoral indices on the BSE closed with losses except FMCG and capital goods. Investors booked profits in real estate, automobiles, oil & gas and metals stocks. Higher sales in March helped automobile stocks gain substantially in the last couple of trading sessions. However, investors sold these stocks on concerns that rising interest rates and intensifying competition will weaken sales.
BSE Realty: 2,464 –2.52%
BSE Auto: 9,397 –1.87%
BSE Oil & Gas: 10,088 –1.33%
BSE Metal: 16,460 –1.25%
Crude prices above $124 a barrel came back to haunt oil & gas stocks. Stocks of oil marketing companies shed value on worries that higher oil prices will increase under-recoveries.
HPCL: Rs 354 –3.27%
Oil India: Rs 1,304 –2.96%
BPCL: Rs 600 –2.02%
Orbit Corporation: Rs 56 –6.19%
Ackruti City: Rs 237 –5.23%
HDIL: Rs 186 –4.31%
Sobha Developers: Rs 311 –4.10%
Overall it was a bad day for Indian stock markets. 64% of the stocks traded in the BSE closed with losses.
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First Published: Fri, Apr 08 2011. 05 27 PM IST
More Topics: Markets Update | BSE | NSE | Sensex | Nifty |