By IANS,
Mumbai : There was no respite for Indian equities markets around Monday noon, with a key index continuing to rule in the red after opening lower. Losses were seen across the board, with consumer durables, realty and auto stocks seeing heavy selling.
Around 11.40 p.m., the 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened lower at 13,405.95 points, was at 13,292.86 points – 211.36 points or 1.57 percent below Friday’s closing figure.
Around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE) too was ruling in the negative terrain, 1.69 percent down at 3,936.05 points.
Broader market indices, however, were doing better with the BSE midcap index trading 3.26 percent lower and the BSE smallcap index moving down 3.38 percent.
Of the 13 sectoral indices on the BSE, those for consumer durables, realty and power scrips were losing the most, while only that for IT stocks was on the gainer’s side.
The market breadth was negative with 392 stocks rising compared to 1,807 declining. Fifty-seven remained unchanged.
Among other prominent gainers on the Sensex at this time were Sun Pharma, up 2.6 percent at Rs.1,150; Infosys, up 1.19 percent at Rs.1,747.10; ONGC, up 1.18 percent at Rs.998; and TCS, up 1.15 percent at Rs.399.20.
The losers included Jaiprakash Associates, down 5.07 percent at Rs.176.80; Hindalco, down 4.99 percent at Rs.69.45; Tata Power, down 4.79 percent at Rs.1,015.30; and M&M, down 4.77 percent at Rs.660.90.
In other Asian markets, the Nikkei 225 Stock Average, a key index of the Tokyo Stock Exchange, closed Monday’s trading at 9,050.33 points, down 236.95 points.
The Hang Seng, a primary index of the Hong Kong Stock Exchange, was ruling at 17,343.71 points, down 364.71 points.