ID :
149740
Sat, 11/13/2010 - 13:23
Auther :
Shortlink :
https://oananews.org//node/149740
The shortlink copeid
Sensex tumbles on weak factory output data, global cues
Mumbai, Nov 12 (PTI) The Bombay Stock Exchange benchmark
Sensex Friday fell 432 points on reports of sharp decline in
industrial growth data for September and a weak global trend.
The Sensex, which had lost 343 points in the last two
trading sessions, dropped 432.20 points to 20,156.89, paring
last week’s 4.9 per cent advance.
The broad-based National Stock Exchange lost 122.60
points to 6,071.65, as stocks in realty, metal and banking
sector suffered the most.
The heaviest-weighted Reliance Industries dropped Rs
20.20 to Rs 1,061.85, and the second-heaviest Infosys
Technologies by Rs 55.90 to Rs 2,999.25. The two carry nearly
23 per cent weightage on the benchmark.
Falling share prices in the last two sessions on profit-
booking on a mixed bag of earnings by leading companies,
received further jolt following reports the that industrial
growth almost halved to 4.4 per cent in September, against 8.2
per cent in the year-ago period.
A weakening trend in the Asian region and lower opening
in Europe this afternoon, amid increased investor worries
about eurozone debt, contributed to the fall.
The global equities fell following report Group of 20
nations might not exempt Asian lenders from stricter capital
requirements. Chinese shares fell as inflation fuelled
speculation the country will raise rates.
In 30-BSE index components, 28 stocks fell while two
gained. The fall was led by realty sector stocks as leading
developer DLF Ltd slumped to a two-month low. The shares were
cut to "under-perform" from "neutral" by Credit Suisse.
The realty sector index suffered heavy losses by 4.76
per cent to 3,498.73 as DLF fell by Rs 18.90 to Rs 327.55, and
Indiabull Realestate by Rs 10.75 to Rs 195.25.
The consumer durable index was second worst performer,
losing 3.53 per cent, at 6,971.66 followed by metal sector
which was down 3.31 per cent to 17,014.26.
Bharti Airtel, the largest mobile-phone operator fell for
a third day after reporting a decline in Q2 net profit. The
share slumped by Rs 11.40 to RS 306.05, lowest close since
July 30.
As the selling pressure spread over a wide-front, all
sectoral indices, including smallcap and midcap recorded
losses of up to 4.76 per cent. PTI RS
Sensex Friday fell 432 points on reports of sharp decline in
industrial growth data for September and a weak global trend.
The Sensex, which had lost 343 points in the last two
trading sessions, dropped 432.20 points to 20,156.89, paring
last week’s 4.9 per cent advance.
The broad-based National Stock Exchange lost 122.60
points to 6,071.65, as stocks in realty, metal and banking
sector suffered the most.
The heaviest-weighted Reliance Industries dropped Rs
20.20 to Rs 1,061.85, and the second-heaviest Infosys
Technologies by Rs 55.90 to Rs 2,999.25. The two carry nearly
23 per cent weightage on the benchmark.
Falling share prices in the last two sessions on profit-
booking on a mixed bag of earnings by leading companies,
received further jolt following reports the that industrial
growth almost halved to 4.4 per cent in September, against 8.2
per cent in the year-ago period.
A weakening trend in the Asian region and lower opening
in Europe this afternoon, amid increased investor worries
about eurozone debt, contributed to the fall.
The global equities fell following report Group of 20
nations might not exempt Asian lenders from stricter capital
requirements. Chinese shares fell as inflation fuelled
speculation the country will raise rates.
In 30-BSE index components, 28 stocks fell while two
gained. The fall was led by realty sector stocks as leading
developer DLF Ltd slumped to a two-month low. The shares were
cut to "under-perform" from "neutral" by Credit Suisse.
The realty sector index suffered heavy losses by 4.76
per cent to 3,498.73 as DLF fell by Rs 18.90 to Rs 327.55, and
Indiabull Realestate by Rs 10.75 to Rs 195.25.
The consumer durable index was second worst performer,
losing 3.53 per cent, at 6,971.66 followed by metal sector
which was down 3.31 per cent to 17,014.26.
Bharti Airtel, the largest mobile-phone operator fell for
a third day after reporting a decline in Q2 net profit. The
share slumped by Rs 11.40 to RS 306.05, lowest close since
July 30.
As the selling pressure spread over a wide-front, all
sectoral indices, including smallcap and midcap recorded
losses of up to 4.76 per cent. PTI RS
