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Sensex down 60 points on weak Asian cues

Maharashtra,Business/Economy, Wed, 26 Sep 2012 IANS
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Mumbai, Sep 26 (IANS) A benchmark index of Indian equities markets was trading 60 points down in afternoon trade Wednesday, dragged down by capital goods, metal and banking stocks amid weak Asian cues.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,644.54 points, was ruling at 18,634.76 points, 59.65 points or 0.32 percent down from its previous day's close at 18,694.41 points.

The Sensex touched a high of 18,670.48 points and a low of 18,589.24 points in intra-day trade. The BSE midcap index was up 30.39 points while the smallcap index was 43.62 points high.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was also ruling 0.33 percent up at 5,655.45 points.

On the sectoral front, the BSE capital goods index was down 91.40 points while metal index was down 83.39 points and banking index was down 78.04 points.

Major Sensex gainers were Cipla, up 2.58 percent at Rs.372.20; Hindustan Unilever, 1.12 percent at Rs.533.05; ITC, up 0.77 percent at Rs.262.50; Gail India, up 0.69 percent at Rs.386.10; and Wipro, up 0.61 percent at Rs.379.35.

The main losers were Bharti Airtel, down 4.02 percent at Rs.264.95; Coal India, down 1.98 percent at Rs.361.20; HDFC Bank, down 1.81 percent at Rs.625.10; BHEL, 1.79 percent at Rs.249.25; and Hindalco Inds, down 1.63 percent at Rs.117.35.

Among other Asian markets, Japan's Nikkei was down 2.03 percent while Hong Kong's Hang Seng was trading 0.83 percent lower. Shanghai's composite index was also down 1.24 percent.

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