Stocks

Bank, realty pull Sensex down 197 points

PTI Mumbai | Updated on January 05, 2011 Published on January 05, 2011

Anxious look: A trader watching share prices as the BSE Sensex opened lower. Photo: Paul Noronha   -  Business Line

MUMBAI: The Bombay Stock Exchange benchmark Sensex fell nearly 200 points at close on Wednesday due to increased selling by funds and retail investors in banking, realty and metal stocks in tandem with weak Asian markets.

The Sensex closed down by 197.62 points at 20,301.10 and the Nifty closed at 6,079.80, losing 66.55 points.

Major Sensex losers were Axis Bank, Yes Bank, ICICI Bank, HDFC, SBI, HDFC Bank, Tata Steel, Sterlite Industries, HDIL and DLF stocks.

Among the sectoral indices, bankex was down 2.19%, realty 2.03%, metal 0.36%, Auto by 1.95% and PSU 1.05%. However, FMCG and and IT bucked the weak trend and stayed in the green.

Brokers said continued offloading of positions at current high levels by funds and retail investors, particularly, in banking, realty and metal sector stocks, dragged the Sensex down. Besides, absence of positive cues from other Asian bourses also cast its shadow on the sentiments here.

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Published on January 05, 2011
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