Published on Mon, May 02, 2011 at 14:44 | Source : Moneycontrol.com
Updated at Mon, May 02, 2011 at 15:14
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Sensex slides further; banks, oil & gas down
Indian equity indices were continued to trades lower as banking stocks got hammered one day ahead of RBI Policy meet. Banking major SBI was down over 4%, followed by Kotak Maindra, IDFC down 3-4%.
Indian equity indices were continued to trades lower as banking stocks got hammered a day ahead of RBI Policy meet. Banking major SBI was down over 4%, followed by Kotak Maindra, IDFC down 3-4%. Selling pressure was also seen in oil & gas, auto and metal stocks. However, select realty and pharma stocks were trading with some gains.
Stocks like Reliance, ICICI Bank, ITC, HDFC and L&T were negative contributors to the Sensex. Broader indices were trading lower 1% each.
At 2.59 pm, the Sensex was down 159.65 points or 0.83% at 18976.31, and the Nifty was down 55.80 points or 0.97% at 5693.70.
About 1004 shares have advanced, 1825 shares declined, and 804 shares are unchanged.
Top losers on the Sensex were SBI at Rs 2,688.95 down 4.16%, Sterlite Ind at Rs 176 down 2.82%, Maruti Suzuki at Rs 1,290 down 2.25%, Reliance at Rs 962.70 down 1.96% and HUL at Rs 280.55 down 1.63%.
Most active shares on NSE were SBI, Infosys, Titan Industries, Reliance and Axis Bank.
Top percentage gainers on the NSE were Bharat Rasayan, 20 Microns, Dhunseri Invest, Apcotex Ind and Khaitan were up 11-20%.
Top percentage losers on the NSE were Empee Sugars, Jubilant Ind, Finolex Ind, Motilal Oswal Financial and Windsor were down 8-11%.
