SENSEX 15948.10 -78.31
NIFTY 4835.65 -24.85
USD/INR 0056.01 +00.62
NASDAQ 2809.22 -29.86
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UPDATEDTIME 09.28 PM 23 MAY 2012
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The BSE benchmark Sensex today ended at 15,948.10 points, its lowest
closing since January 7, due to hectic selling by funds as the rupee tumbled to
yet another all-time low of 56.19 against the dollar amid weak global trends.
The 30-share index, which had lost nearly 157 points yesterday, fell further by 78.31 points or 0.49 per cent to fall below the psychological 16,000 mark as investors became jittery as rupee dropped to an all-time low for the sixth straight session.
Bharti Airtel which shed 4.04 per cent was the biggest loser in the Sensex pack, followed by Tata Power (2.27 pc), Jindal Steel (1.85 pc), Hero MotoCorp (1.76 pc) and Sterlite Industries (1.62 pc). As many as 20 scrips in Sensex ended with losses.
The 50-scrip National Stock Exchange index Nifty fell 24.85 points, or 0.51 per cent to 4,835.65 led by consumer durables, capital goods and realty stocks.
Brokers said selling pressure gathered momentum as rupee touched fresh record low levels renewing concerns over slowing economic growth and widening trade deficit.
The free-fall in rupee was unabated on strong demand for American currency from importers and increased capital outflow from equity markets, even as the Reserve Bank measures failed to curb the persistent fall, forex dealers said.
Market participants also said Indian stocks got another jolt following weakening trend in global markets as concern grew that Greece may leave the Eurozone soon.
The 30-share index, which had lost nearly 157 points yesterday, fell further by 78.31 points or 0.49 per cent to fall below the psychological 16,000 mark as investors became jittery as rupee dropped to an all-time low for the sixth straight session.
Bharti Airtel which shed 4.04 per cent was the biggest loser in the Sensex pack, followed by Tata Power (2.27 pc), Jindal Steel (1.85 pc), Hero MotoCorp (1.76 pc) and Sterlite Industries (1.62 pc). As many as 20 scrips in Sensex ended with losses.
The 50-scrip National Stock Exchange index Nifty fell 24.85 points, or 0.51 per cent to 4,835.65 led by consumer durables, capital goods and realty stocks.
Brokers said selling pressure gathered momentum as rupee touched fresh record low levels renewing concerns over slowing economic growth and widening trade deficit.
The free-fall in rupee was unabated on strong demand for American currency from importers and increased capital outflow from equity markets, even as the Reserve Bank measures failed to curb the persistent fall, forex dealers said.
Market participants also said Indian stocks got another jolt following weakening trend in global markets as concern grew that Greece may leave the Eurozone soon.
The BSE
Midcap Index was down 0.50 percent and the BSE Smallcap Index moved 0.54
percent lower.
Among sectoral indices, the BSE Auto Index was down 1.12 percent, the BSE Power Index declined 0.85 percent, the BSE Realty Index declined 0.82 percent and the BSE Oil & Gas Index was 0.47 percent lower.
Tata Power (2.65 percent), Bharti Airtel (2.21 percent), Hero MotoCorp (1.96 percent), Jindal Steel (1.81 percent) and Maruti Suzuki (1.80 percent) are among the major Sensex decliners.
GAIL (3.34 percent), SBI (0.92 percent), BHEL (0.82 percent), M&M (0.67 percent) and Hindalco Industries (0.56 percent) are on the top gainers.
The market breadth was negative on the BSE with 920 gainers against 1,499 losers.
Foreign institutional investors sold equities worth Rs 283.34 crore on Tuesday, according to provisional stock exchange data.
The Tata Power Company stock was down on profit booking after the company reported a consolidated loss of Rs 628.75 crore for the quarter ended March 2012 against a net profit of Rs 625.02 crore in the same quarter a year ago.
Among sectoral indices, the BSE Auto Index was down 1.12 percent, the BSE Power Index declined 0.85 percent, the BSE Realty Index declined 0.82 percent and the BSE Oil & Gas Index was 0.47 percent lower.
Tata Power (2.65 percent), Bharti Airtel (2.21 percent), Hero MotoCorp (1.96 percent), Jindal Steel (1.81 percent) and Maruti Suzuki (1.80 percent) are among the major Sensex decliners.
GAIL (3.34 percent), SBI (0.92 percent), BHEL (0.82 percent), M&M (0.67 percent) and Hindalco Industries (0.56 percent) are on the top gainers.
The market breadth was negative on the BSE with 920 gainers against 1,499 losers.
Foreign institutional investors sold equities worth Rs 283.34 crore on Tuesday, according to provisional stock exchange data.
The Tata Power Company stock was down on profit booking after the company reported a consolidated loss of Rs 628.75 crore for the quarter ended March 2012 against a net profit of Rs 625.02 crore in the same quarter a year ago.
Regards
RAKESH MAKIN
+91,
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OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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