Jun 01, 2012 03:15 PM IST | Source: Moneycontrol.com

Nifty below 4850; RIL, ONGC, Infosys drag

The BSE Sensex falls further in the late trade of the day. Both BSE Sensex and NSE Nifty were down over 1% each. Heavy sell off seen in oil & gas, capital goods, power, IT, and auto stocks.

Nifty below 4850; RIL, ONGC, Infosys drag

The BSE Sensex falls further in the late trade of the day. Both BSE Sensex and NSE Nifty were down over 1% each. Heavy sell off seen in oil & gas, capital goods, power, IT, and auto stocks.

It's a weak session across the broader markets. The breadth is disappointing about 821 shares have advanced, 1719 shares declined, and 884 shares are unchanged. An ugly start for the June series, the Nifty slipped below 4850.

The Sensex was down 225.76 points or 1.39% at 15992.77, and the Nifty was down 75.35 points or 1.53% at 4848.90.

Top losers on the Sensex were Tata Motors at Rs 227.40 down 2.49%, ONGC at Rs 247.50 down 2.44%, Jindal Steel at Rs 430.80 down 2.41%, L&T at Rs 1,146 down 2.24% and HDFC Bank at Rs 494.85 down 2.19%.

Top losers on the BSE Midcap - Fresenius Kabi, Pantaloon Retail, Apollo Tyres, Dewan Housing and S Mobility were down 6-15%

Fresenius Kabi was down another 15% today following yesterday's 20% fall after the foreign parent's proposed offer for sale to increase its holding in the company. The move is in contrast to market expectations of a delisting offer from the parent.

FMCG major Hindustan Lever was trading at Rs 420.40 down 1.48% from its previous close of Rs 426.70.

Rupee: The rupee recovers after a weak opening above 56 to the dollar. Yields continue to fall for the second day as traders see buying opportunity in weak economic data.

Sections
Follow us on
Available On