Close: Sensex falls by 92 pts on weak global cues

Close: Sensex falls by 92 pts on weak global cues

New Delhi: Breaking the rally in the last three consecutive sessions, domestic markets closed in negative on Tuesday as investors booked profits and Asian and European indexes seemed weighed down.

Markets opened slightly up but within few minutes into trading turned choppy and slipped on profit-taking. Among sectors, power, realty, pharma techand IT and Bank stocks suffered the most selling. However, segments like consumer durables, auto, FMCG and oil & gas made slight gains.

The 30-share Bombay Stock Exchange benchmark Sensex closed lower by 93.25 points at 15,830.98 and the 50-share NSE Nifty ended down by 30.90 points at 4,680.50.

Leading the fall in the BSE was Tata Power down by 4.42% to R1,298.20, followed ONGC by 2.98% Rs1,141.05, Reliance Infra by 2.78% to Rs1,188.80, Bharti Airtel by 2.57% to Rs400.55, Reliance Communication to 2.55% Rs282.50, Jaiprakash Associates by 2.33% to Rs244.75 and DLF Ltd by 1.80% to Rs398.35.

Among gainers were Hindalco up by 4.39% to Rs112.95, Hindustan Unilever Ltd by 3.30% to Rs294.05, Tata Motors by 2.72% to Rs443, Reliance by 1.30% to Rs2,041.15, Maruti Suzuki by 1.19% to Rs1,487.10, Mahindra & Mahindra Ltd by 1.14% to Rs926.20, ACC Ltd by 1.04% to Rs900.25 and State Bank of India by 0.55% to Rs1,856.60.

Tata Motors gained 2.72% as the company reported a 17.98% jump in its vehicles sales during July. Meanwhile, Bharti Airtel dropped by 2.57% on concerns that it will have to sweeten its offer for a deal with South Africa’s MTN to get MTN shareholders on its side.

On the global front, Asian markets ended mixed. Japan’s index Nikkei closed at 10-month high, up 0.22%, while Hong Kong’s Hang Seng dropped 0.05% on HSBC losses.