BackMarkets close down 1.5% on mixed Asia
Markets close down 1.5% on mixed Asia
PremiumNew Delhi: The Bombay Stock Exchange benchmark Sensex on Monday dived by 1.5% into red to close with huge losses along with other Asian counterparts. Profit-booking together with weaker-than-expected US jobs report weighed on sentiments.
The BSE Sensex ended above 16,900 level but dropped from the 17,000 mark, but NSE Nifty managed to closed around 5,000 level.
Markets opened 1% down tracking unfavorable cues from global markets. During last trading hours, market lost further ground to widen its losses led by all round selling. In the sectoral front, realty, Technology, metal, bank, auto, PSU and oil & gas stocks observed most of the selling. However, FMCG stocks remained contributed most of the buying to close in the green.
The 30-share BSE Sensex closed lower by 268.14 points or 1.56% at 16,866.41 and 50-share NSE Nifty ended down 80.20 by points or 1.58% at 5,003.20.
Grasim Industries ended lower by 7.10% following the weekend announcement that the company will transfer its cement business to its unlisted unit Samruddhi Cement, which will be eventually merged into Ultratech Cement.
Ashok Leyland fell by 2.87% after total auto sales decreased 11.87% to 5,452 units in September 2009 over September 2008.
Reliance Infrastructure gained 1.26% on reports the firm may sell shares in its power distribution and metro project units to the public and strategic partners to unlock value.
Leading the losers from the BSE pack was Bharti Airtel down by 8.05% to ₹ 00.30, Grasim Industries by 7.10% to ₹ 2,509.10, Hindalco by 6.75% to ₹ 18.15, Reliance Communication by 5.60% to ₹ 00.20, DLF Ltd by 3.95% to ₹ 22.75, Sterlite Industries by 3.59% to ₹ 50.40, State Bank of India by 3.53% to ₹ ,131.90 and Tata Motors by 3.28% to ₹ 61.05.
Gainers are ITC Ltd up by 2.58% to Rs238.50, Sun Pharma by 2.29% to Rs1,429.20, Reliance Infra by 1.26% to Rs1,220.80, Hindustan Unilever by 0.64% to Rs266.85, M&M Ltd by 0.58% to Rs896.45, Hero Honda Motors by 0.30% to Rs1,639.35 and Wipro by 0.26% to Rs608.50.
Asian markets ended mostly lower on concerns over US economic recovery. Nikkei fell 0.6%, meanwhile Hang Seng closed positive, gaining 0.26%.
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