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Indian benchmark indices, the Sensex and Nifty, fell over 0.7 per cent at the end of the session today on selling by funds ahead of settlement in the derivatives segment amid fears of short-term capital gains tax on funds selling equities to overseas investors.
Both the Asian and European stocks fell after France’s economy grew less than expected and the Federal Reserve Chairman, Mr Ben S. Bernanke, said the US unemployment remains too high.
At 3.30 p.m., the 30-share BSE index Sensex was down 135.40 points or 0.78 per cent at 17,121.96 and the 50-share NSE index Nifty was down 47.3 points or 0.9 per cent at 5,195.85.
Volume toppers during the session were SBI, Cipla, ICICI Bank, Tata Steel and L&T. Among the 30-share Sensex, Tata Steel, Wipro, GAIL, Maruti and ITC were the top performers. ONGC, Hindalco, Sterlite Industries, ICICI Bank and SBI were the major laggards.
Consumer durables, bank, PSU and realty stocks were the worst performers with each down by over 1.5 per cent. Only FMCG and healthcare stocks were each up by over 0.2 per cent. Of the total 3,015 stocks traded, 899 advanced, 2,019 declined and 97 remained unchanged.
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