Business Economy : Sensex down 554.05 pts

Insight Online News

Mumbai, Jan 18 : The BSE Sensex on Tuesday plunged by 554.05 pts to settle at 60,754.86 as selling was seen in Metal, Materials, Telecom and Realty stocks amid weak global cues.

The Nifty of National Stock Exchange (NSE) too fell by 195.05 pts at 18,113.05.

High volatility was witnessed during the session today, as the Sensex rose 122 pts at 61,430.77 in opening session. It advanced 167 pts at 61,475.15 days high.

Later, it fell by nearly 648 pts to 60,662.57, days low, before closing at 60,754.86, sliding 554.05 pts from its previous close.

The Sensex registered days high and low at 61,475.15 and 60,662.57 respectively.

The Nifty recorded days high and low at 18,350.95 and 18,085.90 respectively.

The sectoral indices – Metal, Materials, Telecom and Realty stocks dragged the market.

In scrips, Maruti Suzuki was a tot loser, down 4.05 pc to 7930 followed by Ultracemco by 3.83 pc to Rs 7566.25, Tech Mahindra by 3.54 pc to Rs 1660.65, HCL Technology by 3.09 pc to Rs 1219.85 and Tata Steel by 2.86 pc to Rs 1194.50.

The gainers were Axis Bank by 1.83 pc to Rs 725.60, HDFC Bank by 0.53 pc to Rs 1529.60, ICICI Bank by 0.48 pc to Rs 823.35, Kotak Bank by 0.34 pc to Rs 1941.50 and Dr Reddy’s Lab by 0.25 pc to Rs 4685.45.

The Mid Cap declined by 2.20 pc and Small Cap by 1.92 pc.

In 30 scrips, 7 advanced while 23 declined.

Asian market was seen weak today, as Kospi was down 0.9 per cent, and Taiwan Weighted by 0.8 per cent.

Even, Japan’s Nikkei and Hang Seng too fell by 0.3 and 0.4 pc respectively.

While, China’s Shanghai Composite index went up by 0.8 per cent.

UNIINDIA

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