Home Economy Sensex falls 0.77 percent on negative global cues

Sensex falls 0.77 percent on negative global cues

By IANS,

Mumbai: A benchmark index for Indian equities markets ended 0.77 percent down Thursday on negative global cues as crude oil prices climbed raising concerns over global economic growth.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the negative at 18,430.84 points, ended at 18,327.98 points, down 0.77 percent or 141.97 points from the previous close of 18,469.95 points.

The benchmark Sensex slumped to a low of 18,261.26 points in the intraday.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty slumped 0.66 percent or 36.60 points to 5,494.40 points.

Selling pressure was across the board. Of the broader markets, the BSE midcap closed 0.07 percent down at 6,599.79 points and the BSE smallcap declined 0.25 percent at 7,989.69 points.

All the sectoral indices were also in the red with the BSE Bankex and the metal indices slumping more than one percent.

Tata Power slumped nearly three percent to Rs.1,193.40 points. Tata Steel, down 2.59 percent at Rs.596.80; ICICI Bank, down 1.87 percent at Rs.1,014.25; Hindalco Inds, down 1.72 percent at Rs.209.10; and SBI, down 1.63 percent at Rs.2,589.70 were major Sensex losers.

Major gainers on the Sensex were: ONGC, up 1.62 percent at Rs.275.40; DLF, up 1.42 percent at Rs.228.50; Wipro, up 0.63 percent at Rs.453.75; and Reliance Infra, up 0.66 percent at Rs.624.60.