Indian stocks decline
Capital goods and banking stocks were the worst performers on reforms concern
Mumbai: A benchmark index of Indian equities markets closed 66 points lower on Tuesday, tracking weak European markets. Metal, capital goods and banking stocks were the worst performers.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,676.13 points, closed 17,612.78 points (provisional), 0.37 per cent or 66.03 points down from its previous day’s close at 17,678.81 points.
The Sensex touched a high of 17,712.35 points and a low of 17,570.71 points in intra-day trade.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange closed 0.41 per cent down at 5,328.45 points.
On the sectoral front, the BSE metal index was down 277.90 points, the capital goods index down 184.57 points, and banking index down 132.97.
The main Sensex losers were Sterlite Inds, down 5.36 per cent at Rs104.25; Jindal Steel, down 5 per cent at Rs358.30; Hindalco Inds, down 3.09 per cent at Rs106.65; Larsen and Toubro, down 2.76 per cent at Rs1359; and ONGC, down 2.49 per cent at Rs280.45.
The major gainers were TCS, up 2.34 per cent at Rs1,350; Tata Power, up 1.55 per cent at Rs98.20; Sun Pharma, up 1.54 per cent at Rs680.15; NTPC, up 1.48 per cent at Rs171.40; and Dr Reddy’s Lab, up 1.31 per cent at Rs1,694.
Other Asian markets closed mixed. Japan’s Nikkei was down 0.57 per cent while Shanghai’s composite index ended 0.85 per cent higher. Hong Kong’s Hang Seng was up 0.07 per cent.
Among European markets, France’s CAC was down 0.48 per cent and so was Germany’s DAX, down by 0.48 per cent. Britain’s FTSE 100 was down 0.12 per cent.
