STOCK FUTURE TIPS 30 MAY 2012

SENSEX DOWN 141 POINTS ON WEAK GLOBAL CUES

DATE: 30/05/2012       

                                Indian benchmark indices, the Sensex and the Nifty, fell over 0.8 per cent at the end of the session today following weak global cues.

At 3.30 pm, the 30-share BSE index Sensex was down 140.64 points or 0.86 per cent at 16,297.94 and the 50-share NSE index Nifty was down 43.15 points or 0.86 per cent at 4,946.95.

Volume toppers were SBI, Tata Motors, RIL, Mahindra & Mahindra and ICICI Bank. Among 30-share Sensex, Tata Power, HUL, Sun Pharma, M&M and Maruti were the top performers. Tata Motors, DLF, BHEL, Sterlite and ICICI Bank were the major laggards.

Among BSE sectoral indices, auto (down 4.1 per cent), realty (down 2.51 per cent), consumer durables (down 2.48 per cent) and bank (down 1.71 per cent) stocks were the worst-hit.

Though the Dow Jones closed in the green yesterday, Asian markets were in the red today after China said it would not introduce an economic stimulus.

European stocks were down ahead of an Italian bond sale and reports that may show economic confidence dropped in the Euro zone.

“The situation in Europe is pretty hazy,” said the Head of Research of an Indian brokerage.

“It remains to be seen what happens in Greece’s elections next month and what would Spain do to prop up its ailing banking sector.”

                                                                                        

POWERED BY: BUSINESS LINE NEWS

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