Stocks

Sensex down 121 points on weak Asian cues

Our Bureau Mumbai | Updated on January 20, 2011 Published on January 20, 2011

Stock brokers in a tense mood as the Sensex is trading in the negative terrain.   -  Business Line

The Bombay Stock Exchange benchmark Sensex fell over 100 points in the morning session today on sustained selling by funds and retail investors in tandem with weak Asian markets.

At 9.45 a.m., the Sensex was down 121.57 points at 18,856.75 points and the Nifty was down 34.7 points at 5,656.35 points.

Volume toppers during the session were RIL, SBI, L&T, Tata Motors and Tata Steel. Major Sensex losers were RIL, ICICI Bank, Tata Motors, SBI, ITC, HDFC and Sterlite Industries. Wipro, TCS and L&T were the major gainers.

Among the sectoral indices, oil & gas was down 1.07%, bankex 0.85%, auto 0.73% and metal 0.73%. Healthcare was up 0.12% and IT 0.02%. Of the total 1,734 stocks traded, 686 advanced, 981 declined and 67 remained unchanged.

In the opening session, the 30-share barometer, which lost 113.73 points in the previous session, fell further by 154.1 points to 18,824.22 points. Similarly, the wide-based National Stock Exchange index Nifty declined by 46.65 points to 5,644.40 points.

Continued offloading of positions by funds and retail investors in line with a weak Asian trend following overnight losses in the US market on disappointing earnings mainly pulled the Sensex down.

Published on January 20, 2011
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