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Sensex slips over 100 points

Maharashtra,Business/Economy, Wed, 26 Sep 2012 IANS
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Mumbai, Sep 26 (IANS) A benchmark index of Indian equities markets extended its losses in late afternoon trade Wednesday and was trading 102 points down amid weak global cues. Metal and capital goods stocks were the main losers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,644.54 points, was ruling at 18,592.38 points, 102.03 points or 0.55 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 18,573.18 points in intra-day trade. The BSE midcap index was up 7.87 points while the smallcap index was 27.86 points high.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was also ruling 0.45 percent down at 5,648.65 points.

On the sectoral front, the BSE metal goods index was down 138.29 points while capital goods index was down 105.39 points.

Major Sensex gainers were Cipla, up 2.64 percent at Rs.372.55; ITC; up 0.90 percent at Rs.262.85; Hindustan Unilever, up 0.82 percent at Rs.531.45; Wipro, up 0.74 percent at Rs.379.85; and SBI, up 0.66 percent at Rs.2,211.80.

The Sensex losers were Bharti Airtel, down 4.56 percent at Rs.263.45; Coal India, 2.74 percent at Rs.358.40; Tata Motors, down 2.10 percent at Rs.263.20; Hindalco Inds, 1.97 percent at Rs.116.95; and HDFC Bank, down 1.63 percent at Rs.626.20.

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

European markets too opened in red. France's CAC was down 1.75 percent and so was Germany's DAX, down 1.35 percent. Britain's FTSE 100 was trading 1.05 percent lower.

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