Sensex down 56 pts, snaps 6-day rally

Nov 08 2012, 17:15 IST
Comments 0
SummaryBSE Sensex snapped a six-day rally by losing over 56 points to close at 18,646.26.

was little clarity on content or timing of any announcements," said brokerage GEPL Capital.

Back home, experts said investors will digest the impact from the Cabinet today approving levy of about Rs 31,000 crore as one-time spectrum charge on all existing telecom operators.

The Cabinet also approved a proposal for disinvestment of 10 per cent of government equity in the next fiscal in aerospace firm Hindustan Aeronautics Ltd (HAL).

Major losers from the Sensex pack today were Tata Power (2.12 pc), L&T (2.04 pc), Gail India (1.98 pc), ICICI Bank (1.48 pc), Dr Reddy (1.35 pc), Hero Motocorp (1.27 pc), Jindal Steel (1.19 pc), Infosys (1.02 pc) and Sun Pharma (0.76 pc).

However, Tata Motors rose sharply by 5.52 per cent, followed by Wipro (1.97 pc), Bharti Airtel (1.90 pc) and SBI (1.32 pc).

Among the sectoral indices, the BSE-CG fell by 1.35 per cent, followed by BSE-HC (0.70 pc), BSE-Power (0.68 pc) and BSE-Oil&Gas (0.50 pc). BSE-Realty rose by 2.03 per cent and BSE-Auto by 1.01 per cent.

The market breadth today was negative as 1,462 shares ended with losses while 1,366 shares finished with gains.

The total turnover rose to Rs 2,606.97 crore from Rs 2,328.56 crore yesterday.

Foreign Institutional Investors (FIIs) bought shares worth a net Rs 728.45 crore yesterday as per provisional data from the stock exchanges.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...