Tuesday, December 7, 2010

Sensex Down 135.65 Pts; Nifty Sheds 37.65 Pts

Sensex Down 135.65 Pts; Nifty Sheds 37.65 PtsSensex Down 135.65 Pts; Nifty Sheds 37.65 Pts, The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which belled the day at 19,373.23, continued to languish in the negative terrain as a number of blue chip scrips witnessed heavy selling pressure.


With the key gross domestic product data for the second quarter due for release, capitalists seem rather unwilling to develop positions at this time.


At 19,269.36, the Sensex remained down by 135.74 points (0.7%) as against its last closing mark.


The broad-based Nifty stood at 5792.35 after shedding 37.65 points.


Metal scrips are trading negatively following rejection in metal rates on the London Metal Exchange during the night.


The stocks from IT, oil, bank and auto remained under huge pressure.






Select healthcare, capital goods, PSU and power scrips edged higher.


Real estate scrips, which witnessed heavy selling activity in recent sessions, remained up on bargain hunting and short-covering.


Buying activity remained quite in midcap and smallcap segments.


Stocks including Sterlite Ind, Infosys, ICICI Bank, ACC, Tata Steel, L&T, HDFC, Hindalco, Tata Power and M&M were trading down by 1% – 1.5%.


HDFC Bank, RIL, ITC, TCS, HUL, Jindal Steel, Hero Honda, RCom and Maruti also remained under pressure.


DLF gathered 3%.


BHEL, Bharti Airtel and JP Associates remained up by 1.6%-1.85%. Rel Infra, SBI, Cipla and NTPC were up with modest gains, whereas ONGC and Tata Motors surged marginally.


Adani Enterprises moved up by more than 6% with capitalists jamming the counter after recent sharp losses.


Indiabulls Real Estate was up by 6%. REC, DB Realty, National Fertilizers, BGR Energy, Colgate Palmolive, Educomp Solutions, Shree Cement, Canara Bank, Jaiprakash Hydropower, Power Finance Corporation, Indiabulls Financial Services, Shriram Transport Finance, HDIL and LIC Housing Finance also moved up.


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