Sensex declines 18 pts on last day of 2012 trading
The BSE benchmark Sensex today ended 18 points lower in the last trading session of 2012 as cautious invstors reduced their positions amid a weakening global trend.
December 31, 2012 / 16:42 IST
The BSE benchmark Sensex ended 18 points lower in the last trading session of 2012 as cautious invstors reduced their positions amid a weakening global trend.
fter a better start, the Sensex moved between 19,491.08 and 19,406.17, before ending with a moderate loss of 18.13 points to 19,426.71. The gauge recorded its biggest gain of 26 percent after 2009 amid government economic reforms measures, including opening foreign direct investment in the retail sector.The wide-based National Stock Exchange index Nifty shed 3.25 points to 5,905.10. Brokers said the market remained jittery in the last trading session of the calender year with most foreign institutional investors were off the market for a winter break.They said the market remained under pressure on a weakening global trend as US lawmakers still struggling to reach a deal on tax-hike threshold and spending cuts. In 30-BSE index components, 17 stocks gained, while 13 closed with losses. The two most heaviest with their nearly 18 percent weightage - Reliance Industries and Infosys- ended with moderate losses.The market received cushion as index-linked Wipro gained 0.79 percent to Rs 394.35 after it approved to separate the consumer care and lighting businesses to focus on information technology.The capital goods sector index suffered the most by losing 0.33 percent to 10,868.11 followed by FMCG index by 0.27 percent to 5,916.22 as ITC Ltd lost 0.81 percent to Rs 286.80. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
