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Sensex falls by 37 points due to volatile trade

Sensex falls by 37 points due to volatile trade

Putting an end to the four day uptrend Sensex fell by 37 points in volatile trade (today) Monday prompted by investors booking profits ahead of  the industrial and inflation data. Sensex which had gained 805 points in the last four sessions on expectations of interest rate fell by 37.02 points or 0.19 percent to 19,646.21.

The share gauge moved from 19,754.66 to 19,602.71 during the day. Traders also shrugged out valuable data outlining India’s exports which grew by 4.25 percent to $US 26.26 billion dollars. Investors on the other hand were reducing their holding ahead of the industrial and inflation data that was further influenced by a weak global trend.

Meanwhile European stocks  fell from four years high and Italian bonds also slumped after Flitch ratings downgraded the nations’ credit rating. The national stock exchange also  fell 3.35 points that is 0.06 percent to settle at 5,942. 35 after moving back and forth from 5,971.20 to 5,930.35.  In the 30 stock barometer of the BSE, 19 stock declined and 10 gained while Cipla remained unchanged the entire day.

However the falling trend witnessed today was capped by Sun Pharma that ended the day at 1.79 percent to Rs 832.90. Mahindra and Mahindra surged by 1.10 percent to 912.30. Hindustan Lever edged up to 0.17 percent to Rs 439.  The major losers of the day included Infosys, Bajaj Auto, Reliance Industries, Hero Motorcorp, Jindal, Tata Steel and Tata Consultancy Services.

In terms of sectarian losses, Consumer durables index fell to 1.38 percent to 7,136.57 followed by IT at 0.67 percent to 6,963.97. The metal index lost 0.56 percent to 9,405.66 and oil and gas index by 0.45 percent to 8,981.66.

Category : Business
Date : 11 March 2013
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