SENSEX 17391.98 -129.14
NIFTY 5275.15 -41.80
USD/INR 0055.87 +00.47
NASDAQ 2928.54 -08.79
GOLD 29628.00 +07.00
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UPDATEDTIME 09.28 PM 09 JULY 2012
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Led by metal,
power and auto shares, the Sensex today lost 129 points to end at
17,391.98 -- its lowest closing in over a week -- on fresh weakness in the rupee and
poor global sentiment.
Brokers also said worries over deficient rains fuelled speculation about scarcity of foodgrains and price rise, dashing hopes of investors who were expecting the RBI to cut interest rates in the July 31 monetary policy review meeting.
The BSE benchmark index opened on a weak note after US jobs data and easing of inflation in China sparked off worries over global economic growth and touched the day's low of 17,343.55 after rupee slipped below the 56-level a dollar.
Losses in Asia's stock markets and lower opening in Europe an indices kept Indian shares in the negative zone.
The mood was further soured by comments from Prime Minister's Economic Advisory Council chief C Rangarajan who said the Reserve Bank will find it difficult to cut interest rates in its monetary policy review later in this month in absence of softening of inflation.
As many as 27 constituents led by Hero MotoCorp, Tata Steel, Bajaj Auto and Tata Power of the 30-share Sensex shed value as the index closed at 17,391.98, down 129.14 points or 0.74 per cent. The index had closed at a lower level on June 28 when it settled at 16,990.76.
The overall market breadth was weak with over 1,770 stocks out of the 2,971 traded closing with losses.
Experts feel investors are worried over the April-June earnings which will start pouring in from later this week.
Expectations from results are not very high in our view.
The 50-share NSE Nifty fell by 41.80 points or 0.79 per cent to 5,275.15 led by stocks of metal, power and capital goods sectors.
Brokers also said worries over deficient rains fuelled speculation about scarcity of foodgrains and price rise, dashing hopes of investors who were expecting the RBI to cut interest rates in the July 31 monetary policy review meeting.
The BSE benchmark index opened on a weak note after US jobs data and easing of inflation in China sparked off worries over global economic growth and touched the day's low of 17,343.55 after rupee slipped below the 56-level a dollar.
Losses in Asia's stock markets and lower opening in Europe an indices kept Indian shares in the negative zone.
The mood was further soured by comments from Prime Minister's Economic Advisory Council chief C Rangarajan who said the Reserve Bank will find it difficult to cut interest rates in its monetary policy review later in this month in absence of softening of inflation.
As many as 27 constituents led by Hero MotoCorp, Tata Steel, Bajaj Auto and Tata Power of the 30-share Sensex shed value as the index closed at 17,391.98, down 129.14 points or 0.74 per cent. The index had closed at a lower level on June 28 when it settled at 16,990.76.
The overall market breadth was weak with over 1,770 stocks out of the 2,971 traded closing with losses.
Experts feel investors are worried over the April-June earnings which will start pouring in from later this week.
Expectations from results are not very high in our view.
The 50-share NSE Nifty fell by 41.80 points or 0.79 per cent to 5,275.15 led by stocks of metal, power and capital goods sectors.
The BSE Midcap Index fell 1.30
percent and the BSE Smallcap Index was 1.19 percent lower.
Among the sectoral indices, the BSE Realty Index fell 2.08 percent, the BSE Metal Index was 2.05 percent lower, the BSE Power Index was 2.02 percent down and the BSE Capital Goods Index was 1.64 percent lower.
Nifty losers included Jaiprakash Associates (3.95%), Reliance Infrastructure (3.69%), Ranbaxy Laboratories (3.24%), Jindal Steel (3.14%) and Bajaj Auto (2.88%).
Tata Consultancy Services (1%), Tata Motors (0.81%) and BPCL (0.04%) were the only Nifty gainers.
Shares of Indraprastha Gas moved higher after the company raised prices of auto gas by Rs 2.90 per kg in Delhi and Rs 3.30 per kg in neighboring areas last week.
Market breadth was negative on the NSE with 1056 losers against 397 gainers.
The foreign institutional investors bought equities worth Rs 571.77 crore on Friday, as per provisional data from the stock exchanges.
Among the sectoral indices, the BSE Realty Index fell 2.08 percent, the BSE Metal Index was 2.05 percent lower, the BSE Power Index was 2.02 percent down and the BSE Capital Goods Index was 1.64 percent lower.
Nifty losers included Jaiprakash Associates (3.95%), Reliance Infrastructure (3.69%), Ranbaxy Laboratories (3.24%), Jindal Steel (3.14%) and Bajaj Auto (2.88%).
Tata Consultancy Services (1%), Tata Motors (0.81%) and BPCL (0.04%) were the only Nifty gainers.
Shares of Indraprastha Gas moved higher after the company raised prices of auto gas by Rs 2.90 per kg in Delhi and Rs 3.30 per kg in neighboring areas last week.
Market breadth was negative on the NSE with 1056 losers against 397 gainers.
The foreign institutional investors bought equities worth Rs 571.77 crore on Friday, as per provisional data from the stock exchanges.
Regards
RAKESH MAKIN
+91, 9041667797(DIRECT),
9915684997
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Group mail id: makin97NSEtips@yahoogroups.co.in
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