SENSEX 15965.16 -253.37
NIFTY 4841.60 -82.65
USD/INR 0056.23 +00.47
NASDAQ 2766.43 -60.91
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UPDATEDTIME 09.28 PM 01 JUNE 2012
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Stock
markets fell for the third day with the Sensex losing 253 points to close
below 16,000 after a week due to increased capital outflow on
economic growth worries and the deepening euro zone debt crisis.
The 30-share BSE benchmark index, which lost 220 points in the last two trading sessions, plunged by 253.37 points, or 1.56 percent, to 15,965.16, a level last seen on May 23.
The broader 50-share Nifty settled below the 4,900 level by dropping 82.65 points, or 1.68 percent, to 4,841.60.
Beaten by a slump in GDP numbers, the markets' fall on Friday tracked weaker global shares after surveys showed Chinese factory output barely growing and powerful European manufacturing countries falling deeper into malaise. The data came ahead of the key US jobs figures later on Friday.
Foreign funds were net sellers of Indian stocks for the second month in May by pulling out $161 million, after withdrawing $103 million in April.
IT stocks, which get over 50 percent of their revenue from Europe and the US, suffered heavy losses. TCS dropped 1.69 percent to Rs 1,224.75 and Infosys declined by 2.13 percent to Rs 2,387.80.
The heaviest on the index, RIL, plunged 3.16 percent to Rs 683.70, heavy machinery major L&T by 3.22 percent to Rs 1,134.50 and BHEL by 2.48 percent to Rs 206.70.
The capital goods sector suffered heavy losses by 2.99 percent to 8,553.10 followed by the power index by 2.49 percent to 1,768.73.
The auto sector index extended losses for the third straight day by falling 2.17 percent to 8,680.30 on reports of a fall in vehicle sale in May.
Traders expect more volatility in June, with key events scheduled, such as inflation data and a key Reserve Bank of India meeting on June 18 that some analysts say could deliver an interest rate cut.
Globally, Spanish banking woes and new Greek elections will be among the factors that could keep risk assets under pressure, analysts said.
"It's very hard to see a recovery in markets in the near term as problems in Europe are exacerbating. A favorable verdict in Greece elections may change the sentiments though.
The 30-share BSE benchmark index, which lost 220 points in the last two trading sessions, plunged by 253.37 points, or 1.56 percent, to 15,965.16, a level last seen on May 23.
The broader 50-share Nifty settled below the 4,900 level by dropping 82.65 points, or 1.68 percent, to 4,841.60.
Beaten by a slump in GDP numbers, the markets' fall on Friday tracked weaker global shares after surveys showed Chinese factory output barely growing and powerful European manufacturing countries falling deeper into malaise. The data came ahead of the key US jobs figures later on Friday.
Foreign funds were net sellers of Indian stocks for the second month in May by pulling out $161 million, after withdrawing $103 million in April.
IT stocks, which get over 50 percent of their revenue from Europe and the US, suffered heavy losses. TCS dropped 1.69 percent to Rs 1,224.75 and Infosys declined by 2.13 percent to Rs 2,387.80.
The heaviest on the index, RIL, plunged 3.16 percent to Rs 683.70, heavy machinery major L&T by 3.22 percent to Rs 1,134.50 and BHEL by 2.48 percent to Rs 206.70.
The capital goods sector suffered heavy losses by 2.99 percent to 8,553.10 followed by the power index by 2.49 percent to 1,768.73.
The auto sector index extended losses for the third straight day by falling 2.17 percent to 8,680.30 on reports of a fall in vehicle sale in May.
Traders expect more volatility in June, with key events scheduled, such as inflation data and a key Reserve Bank of India meeting on June 18 that some analysts say could deliver an interest rate cut.
Globally, Spanish banking woes and new Greek elections will be among the factors that could keep risk assets under pressure, analysts said.
"It's very hard to see a recovery in markets in the near term as problems in Europe are exacerbating. A favorable verdict in Greece elections may change the sentiments though.
The BSE Midcap Index was
down 1.21 percent and the BSE Smallcap Index was down 0.84 percent.
Among sectoral indices, the BSE Oil & Gas Index fell 2.20 percent, the BSE Capital Goods Index was down 1.94 percent, the BSE Power Index declined 1.83 percent and the BSE IT Index was 1.80 percent lower. The BSE FMCG Index moved 0.55 percent higher.
Asian Paints (5.10 percent), Ranbaxy Laboratories (4.60 percent), Cairn India (4.21 percent), Bank of Baroda (4.17 percent) and Siemens (4.10 percent) are among the major Sensex Gainers.
ITC (1.90 percent), Jaiprakash Associates (0.80 percent), ICICI Bank (0.28 percent), Hindalco Industries (0.09 percent) and Coal India (0.06 percent) are among the decliners.
The market breadth was negative on the NSE with 432 gainers against 1,013 losers.
European markets were down on profit booking. The CAC 40 was down 0.90 per cent and the DAX fell 1.13 per cent. The FTSE 100 was up 0.04 percent.Regards
Among sectoral indices, the BSE Oil & Gas Index fell 2.20 percent, the BSE Capital Goods Index was down 1.94 percent, the BSE Power Index declined 1.83 percent and the BSE IT Index was 1.80 percent lower. The BSE FMCG Index moved 0.55 percent higher.
Asian Paints (5.10 percent), Ranbaxy Laboratories (4.60 percent), Cairn India (4.21 percent), Bank of Baroda (4.17 percent) and Siemens (4.10 percent) are among the major Sensex Gainers.
ITC (1.90 percent), Jaiprakash Associates (0.80 percent), ICICI Bank (0.28 percent), Hindalco Industries (0.09 percent) and Coal India (0.06 percent) are among the decliners.
The market breadth was negative on the NSE with 432 gainers against 1,013 losers.
European markets were down on profit booking. The CAC 40 was down 0.90 per cent and the DAX fell 1.13 per cent. The FTSE 100 was up 0.04 percent.Regards
RAKESH MAKIN
+91, 9041667797(DIRECT),
9915684997
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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