Sensex down 204 points, Asian cues negative
By IANSMonday, January 10, 2011
MUMBAI - A benchmark index of the Indian equities market Monday was ruling weak amid negative cues from other major Asian markets.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,714.42 points, was ruling at 19,487.06 points, down 204.75 points or 1.04 percent from its previous close at 19,691.81 points.
It had fallen over 221 points to 19,470.23 in early trade.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was trading at 5,841.95 points, down 1.06 percent or 62.65 points.
Broader markets were also lacklustre, with the BSE midcap index ruling 0.54 percent lower and the BSE smallcap index trading 0.53 percent down.
Capital goods, consumer durables, auto and PSU stocks were among the major losers on the markets. All 13 sectoral indices on the BSE were in the red.
The market breadth was negative, with 1,053 stocks advancing, compared to 1,493 scrips on the decline, while 85 stocks were unchanged.
Among the major gainers on the Sensex were Sterlite Industries, Reliance Infra, SBI and Bharti Airtel, while prominent losers included HDFC, Wipro, HDFC Bank and L&T.
Asian stock markets were trading in the red Monday as the weekly jobs data from the US came in weaker-than-expected, resulting in a tumble at Wall Street.
The Japanese markets were closed.
The Chinese Shanghai Composite index moved 0.46 percent lower at 2,825.86 points, while the Hong Kong’s Hang Seng was sluggish, trading 0.13 percent down at 23,655.15 points.
