WERE TODAY'S GAINERS
SENSEX 17489.14 -129.21
NIFTY 5306.30 -39.05
USD/INR 0055.62 +00.23
NASDAQ 2956.50 -15.83
GOLD 29300.00 -128.00
UPDATEDTIME 09.28 PM 11 JULY 2012
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The BSE benchmark
index Sensex today fell by 129 points on profit selling after weak
global trends amid concerns that below-average monsoon might hurt
efforts to boost growth.
The 30-share BSE barometer, which had surged by 226 points to match with mid-March levels yesterday, dropped by 129.21 points, or 0.73 per cent, to close at 17,489.14.
The broad-based National Stock Exchange index Nifty dropped by 39.05 points, or 0.73 per cent, to 5,306.30 as investors encashed from yesterday's gains.
Brokers said reports of less than average monsoon rains this season might hamper efforts to boost economy and hurt company earnings this quarter impacted the market sentiment.
The India Meteorological Department today said that monsoon, the life-line of Indian agriculture, has covered the entire country but rains are still deficient by 23 per cent.
Lower opening in European stock markets after overnight fall on Wall Street, as investors fretted over mounting global economic gloom, aggravated the market woes.
Hindalco Industries (2.74%), Wipro (2.09%), Tata Motors (1.91%), Tata Power (1.43%) and BHEL (1.42%) were among the major Sensex losers.
Infosys Technologies (1.02%), State Bank of India (0.24%), HDFC Bank (0.20%), Larsen & Toubro (0.19%) and Coal India (0.13%) were among the major gainers.
Market major Reliance Industries dropped 1.87 per cent to Rs 725.70.
The auto sector suffered heavy losses of 1.18 per cent on fears that less rains might reduce demand for vehicles in rural areas. Tata Motors dropped 2.03 per cent to Rs 241.40, Maruti Suzuki by 1.49 per cent to Rs 1,203.05 and Hero MotoCorp by 1.18 per cent to Rs 2,040.50.
Among the 30 index components, 26 stocks declined while four ended with gains.
Major losers were Wipro, ITC, Hind Unilever, ICICI Bank, State Bank of India, HDFC Bank, Dr Reddy's Laboratories, Cipla, Bharti Airtel and Bajaj Auto.
The 30-share BSE barometer, which had surged by 226 points to match with mid-March levels yesterday, dropped by 129.21 points, or 0.73 per cent, to close at 17,489.14.
The broad-based National Stock Exchange index Nifty dropped by 39.05 points, or 0.73 per cent, to 5,306.30 as investors encashed from yesterday's gains.
Brokers said reports of less than average monsoon rains this season might hamper efforts to boost economy and hurt company earnings this quarter impacted the market sentiment.
The India Meteorological Department today said that monsoon, the life-line of Indian agriculture, has covered the entire country but rains are still deficient by 23 per cent.
Lower opening in European stock markets after overnight fall on Wall Street, as investors fretted over mounting global economic gloom, aggravated the market woes.
Hindalco Industries (2.74%), Wipro (2.09%), Tata Motors (1.91%), Tata Power (1.43%) and BHEL (1.42%) were among the major Sensex losers.
Infosys Technologies (1.02%), State Bank of India (0.24%), HDFC Bank (0.20%), Larsen & Toubro (0.19%) and Coal India (0.13%) were among the major gainers.
Market major Reliance Industries dropped 1.87 per cent to Rs 725.70.
The auto sector suffered heavy losses of 1.18 per cent on fears that less rains might reduce demand for vehicles in rural areas. Tata Motors dropped 2.03 per cent to Rs 241.40, Maruti Suzuki by 1.49 per cent to Rs 1,203.05 and Hero MotoCorp by 1.18 per cent to Rs 2,040.50.
Among the 30 index components, 26 stocks declined while four ended with gains.
Major losers were Wipro, ITC, Hind Unilever, ICICI Bank, State Bank of India, HDFC Bank, Dr Reddy's Laboratories, Cipla, Bharti Airtel and Bajaj Auto.
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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