Sensex continues fall for 2nd day, ends 241 pts down

Sensex continues fall for 2nd day, ends 241 pts down

New Delhi: The benchmark Bombay Stock Exchange Sensex fell 2.43% on Tuesday, 23 December. Marketmen said the bearish sentiment picked up due to weak Asian markets that slumped on low oil price and the nearing expiry of the monthly futures contract.

The 30-share BSE index end 241.6 points down to 9,686.75, its was its second consecutive day of losses.

The broad based 50-share National Stock Exchange Nifty index fell by 70.65 points to 2968.65.

Stock selling was mainly led by oil, gas, banking, auto, capital goods, metal and technology segments. Rupee also neared it’s 2-week low as it depreciated against dollar by 49 paise.

Satyam Computers was the highest loser at 13.55% fall to Rs140.40 from Rs163. Past week has been turbulent for Satyam shares as investors resented company’s decision to buy parts of distressed Maytas. Also on Tuesday FOX News reported that World Bank had confirmed the channels earlier report that the Indian software vendor had been banned last year for alleged data theft.

Other markets losers were Jaiprakash Associates (10.18%, Rs78.50), Tata Motors (7.04%, Rs174.85), Sterlite Industries (6%, Rs263.80) and Mahindra and Mahindra (5.33%, Rs290.25).

Meanwhile Asia markets traded lower through the day, Shanghai and Hang Seng tumbled between 2.5-3%. Japan’s exchange Nikkei was shut on account of Emperor’s Birthday.