Sensex marginally down at 16,878 points

Mumbai, May 8 (IANS) A benchmark index for Indian equities markets was trading marginally down at around 11.30 a.m. Tuesday, led by selling pressure in information technology (IT) and capital goods and auto stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 16,915.71 points, was ruling at 16,878.36 points at 11.30 a.m., down by 0.20 percent or 34.35 points from its previous close of 16,912.71 points.

The Sensex touched a high of 16,918.31 points and a low of 16,742.07 points in the intra-day. The Sensex midcap was up by 31.12 points and smallcap grew by 27.63 points.

There was heavy selling pressure in IT and capital goods and auto stocks.

The BSE IT index was down by 2.66 percent or 151.67 points followed by capital goods index down by 0.42 percent or 38.61 points and auto index was down by 0.16 percent or 16.44 points.

IT majors like TCS stocks were down by 4.09 percent at Rs.1,221.85, Infosys down 2.41 percent at Rs.2,372 and Wipro down 1.41 percent at Rs.406.15.

Other major Sensex losers included BHEL, down 2.02 percent at Rs.222.60, Tata Motors, down 1.39 percent at Rs.304, Reliance Industries, down 1.17 percent at Rs.706.90, Tata Power, down 1.13 percent at Rs.100.60, HDFC Bank, down 0.68 percent at Rs.528.55 and ONGC, down 0.46 percent at Rs.260.

Major Sensex gainers included 16 companies which are part of the 30-scrip sensitive Sensex. The major gainers included Gail India, up 3.67 percent at Rs.330.50, Coal India, up 2.94 percent at Rs.337.85, DLF, up 2.27 percent at Rs.194.05, ITC, up 2.01 percent at Rs.241.45 and Sun Pharma, up 1.44 percent at Rs.608.60.

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