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Home » News » Markets » Local Markets

May 18, 2012, 12.40 PM | Source: Moneycontrol.com

Sensex tanks 250 pts on broadbased selling; HUL outperforms

The Sensex and the Nifty took heavy knock on Friday due to consistent fall across all the sectors. Rising concerns over Eurozone and disappointing US data dented the sentiment. Even the Indian rupee depreciated by 40 paise to record low of 54.86 a dollar as euro and other Asian currencies too were under pressure.

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Sensex tanks 250 pts on broadbased selling; HUL outperforms

The Sensex and the Nifty took heavy knock on Friday due to consistent fall across all the sectors. Rising concerns over Eurozone and disappointing US data dented the sentiment. Even the Indian rupee depreciated by 40 paise to record low of 54.86 a dollar as euro and other Asian currencies too were under pressure.

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11:09
The Sensex and the Nifty took heavy knock on Friday due to consistent fall across all the sectors. Rising concerns over Eurozone and disappointing US data dented the sentiment. Even the Indian rupee depreciated by 40 paise to record low of 54.86 a dollar as euro and other Asian currencies too were under pressure.

The market has been falling in last nine out of 13 sessions. The BSE benchmark tumbled 250.52 points or 1.56% to 15,820, weighed down by 29 components. Meanwhile, the NSE benchmark dropped 77.35 points or 1.59% to 4,792.85 (below 4800 level for the first time since January 10, 2012).

Tata Motors, country's largest commercial vehicle manufacturer plunged 5% while top car maker Maruti Suzuki lost 4%.

Engineering and construction major by sales Larsen & Toubro was down nearly 2% and state-owned BHEL fell over 3%.

Private sector lenders ICICI Bank and HDFC Bank dropped 2% and 1.35%, respectively, but State Bank of India stayed flat. Housing finance company HDFC was down 1.5%.

Country's second largest software services exporter Infosys tumbled 2.5% and cigarette major ITC declined 1.35%.

Among metals stocks, Tata Steel, Sterlite Industries, Jindal Steel and Hindalco tanked 2-3%. However, HUL was the only gainer among Sensex 30, rising 0.5%.

About two shares went down for every share advancing on the BSE. The BSE Midcap Index was down 1% and Smallcap was down 0.8%.

Most active stocks on the BSE were AstraZeneca (up 6%) with 89,052 equity shares and Kajaria Ceramic (up 2.6%) with 8,33,357 shares.

In the second line shares, BOC India (on delisting buzz), Fresenius Kabi, Hindustan National Glass and Edelweiss Capital gained 2-5% whereas Supreme Industries, Sterlite Tech, Indiabulls Real, Berger Paints and Manappuram Finance lost 4-5.5%.

Hindustan Media Ventures shot up over 6% ahead of the fourth quarter numbers today.

Aviation stocks rallied. CNBC-TV18 reported quoting top government sources that foreign direct investment in aviation is in final stages of approval. Jet Airways was up 1.7% and Kingfisher Airlines rose 2.8%. SpiceJet surged 4%.

10:16
The BSE Sensex and NSE Nifty showed somewhat recovery, though both were down nearly 1% each. The Indian rupee fell to a record low against the dollar for the third consecutive day on Friday as risk aversion made a strong comeback with Asian stocks showing deep cuts and euro falling to a four-month low.

Read More »

09:56
SENSEX-RUPEE-ICICI-INFOSYS-TATA-MOTORS:Sensex hits new 4-month low, rupee weakens

Read More »

09:20
The BSE Sensex and NSE Nifty started of trade with 1.2% gap down on Friday morning, reacting sharply to rising concerns over Spain and Greece in Eurozone, and weak US economic data.

Read More »

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