OIL & GAS, IT STOCKS PULL SENSEX DOWN 141 POINTS
DATE: 01/06/2012
Indian benchmark indices, the Sensex and the Nifty,
continued to trade lower by over 0.8 per cent in the mid-session on Friday on
sustained selling by funds and retail investors due to lower GDP numbers and a
weak trend in the Asian markets.
At
1.40 p.m., the 30-share BSE index Sensex was down 140.74 points or 0.87 per
cent at 16,077.79 and the 50-share NSE index Nifty was down 51 points or 1.04
per cent at 4,873.25.
Volume
toppers were SBI, Tata Motors, ICICI Bank, RIL and Infosys. Among 30-share
Sensex, ITC, Coal India, and Hindalco, ICICI Bank and Bharti Airtel. Jindal
Steel, Tata Motors, RIL, Infosys and Maruti were the major laggards.
Except
FMCG, all other BSE sectoral indices were trading in the red. Among them, Oil
& Gas, IT, Power and Capital Goods stocks witnessed heavy selling pressure
with each down by over 1.7 per cent.
The
country's economic growth rate slowed to a nine-year low, both in March quarter
at 5.3 per cent as well as in 2011-12 at 6.5 per cent.
Most
Asian shares were down today as China’s purchasing managers index contracted in
May and US jobless claims data rose more than estimated.
POWERED BY: BUSINESS LINE
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