Sensex slips on dismal Dec IIP, banks flat; Re loses

IIP came in at negative 0.6 percent, pulled down by sloth manufacturing and consumption growth. At 11.21 AM, the Sensex fell 9.34 points at 19451.23, and the Nifty went down 6.55 points at 5891.30.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money Realasset
moneycontrol.com

Home » News » Markets » Local Markets

Feb 12, 2013, 12.38 PM | Source: Moneycontrol.com

Sensex slips on dismal Dec IIP, banks flat; Re loses

IIP came in at negative 0.6 percent, pulled down by sloth manufacturing and consumption growth. At 11.21 AM, the Sensex fell 9.34 points at 19451.23, and the Nifty went down 6.55 points at 5891.30.

Like this story, share it with millions of investors on M3

Sensex slips on dismal Dec IIP, banks flat; Re loses

IIP came in at negative 0.6 percent, pulled down by sloth manufacturing and consumption growth. At 11.21 AM, the Sensex fell 9.34 points at 19451.23, and the Nifty went down 6.55 points at 5891.30.

Post Your Comments

Share Cancel

11:32
Moneycontrol Bureau

Nifty gave up all its gains as December Index of Industrial Production  (IIP)reflected sluggisness in the economy. December IIP came in at negative 0.6 percent, pulled down by sloth manufacturing and consumption growth. A CNBC-TV 18 poll had expected it at 1.1 percent. Bond yields moved up and the INR depricated to fresh two -week high level of Rs 53.96 to a dollar.

At 11.21 AM, the Sensex fell 9.34 points at 19451.23, and the Nifty went down 6.55 points at 5891.30.

ONGC was rewarded by investors after it posted better-than-expected numbers and remained topper on the bourses. The stock bolstered it gains to trade 2.6 percent up at Rs 316 per share. Private sector banks were marginally up with HDFC Bank, ICICI Bank and HDFC in the lead. Public sector banks like SBI and Bank of Baroda were trading marginally lower than their previous closing figues.

In auto space Bajaj Auto, Maruti Suzuki and Tata Motors were up around 1 percent. JP Associates was the biggest index loser after it posted disappointing quarterly numbers, the stock was down 4.5 percent. Infosys and TCS werte trading with 2 percent and 0.5 percent cuts respectively.

Unitech and DB Realty remained biggest losers in trade, both falling nearly 20 percent. HDIL and Indiabulls fell 5.5 percent each.

09:51
At 09.19 AM, the Sensex moved up 36.50 points to 19497.07, and the Nifty was trading 8.80 points higher at at 5906.65. ONGC was the top gainer on Nifty with over 2 percent gains.

Read More »

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Sensex slips on dismal Dec IIP, banks flat; Re loses

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login