SENSEX PLUNGES 265 POINTS ON WEAK GLOBAL CUES
Date: 09/04/2012
Indian benchmark indices, the Sensex and Nifty, ended the session sharply down by over 1.5 per cent today due to weak global cues.
Global markets were down on disappointing US payroll data and China's inflation numbers.
At 3.30 p.m., the 30-share BSE index Sensex was down 264.88 points or 1.51 per cent at 17,221.14 and the 50-share NSE index Nifty was down 90.15 points or 1.69 per cent at 5,232.75.
Volume toppers during the session were SBI, Sun Pharma, RIL, L&T and Tata Steel. Among the 30-share Sensex, DLF, HUL, Bajaj Auto, Cipla and Bharti Airtel were the major gainers. Hindalco, Sterlite, BHEL, Tata Steel Steel and Jindal Steel were the major laggards.
Except healthcare and realty, all the sectoral indices ended in the red with metals, capital goods, power and PSU stocks being among the worst-hit.
Asian and European stocks were down as a weaker-than-expected US jobs report cast doubt on the strength of the recovery in the world’s biggest economy.
Also, China's inflation data dampened the market sentiment. China’s inflation rebounded to 3.6 per cent in March after logging a lower growth in February, triggering concerns over the country’s ability to contain the rate of price rise.
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