Mumbai, Nov 16 Sustained selling of stocks on the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) led to a nearly 0.44 percent drop Friday.
Sensex shut shop at 19,698.36 points, down by 86.53 points.
The broader S&P CNX Nifty of the National Stock Exchange ended at 5,906.85 points, marginally down by 5.25 points or 0.09 percent.
After Thursday's loss of 144 points, the Sensex resumed 182 points lower at 19,603 but recovered by midmorning.
The major contributors to this recovery were public-sector oil refineries and oil marketing companies, which flared up on expectations of better gross refinery margins.
However, selling in select frontline stocks saw the Sensex zigzag between positive and negative territories for the better part of the day.
Indian markets continued to show their resilience and outperformed their Asian peers, which closed with deep cuts. Hang Seng ended down over four percent, followed by Nikkie down by two percent.
Among the sectoral indices, the BSE FMCG index flared up by 4.31 percent, the BSE capital goods index surged 2.61 percent, the BSE oil & gas index added 1.33 percent and the BSE auto index gained 0.66 percent.
Other sectoral indices were down around 0.5-1 percent each.
The BSE mid-cap and small-cap indices continued to outperform the market. The BSE mid-cap was plotting at 8,512.38 points, gaining 98.29 points or 1.17 percent. The small-cap index closed at 10,380.73, gaining 153.07 points or 1.50 percent.
The top gainers on the Sensex were ITC Ltd, which advanced 8.17 percent to Rs.205.15, Grasim moved up 5.87 percent plotting at Rs.3,831.45 and Dr. Reddy's scaled up 3.39 percent to Rs.620.35.
The top losers on the Sensex were Hindalco down 5.52 percent to Rs.203.80, Larsen & Toubro slid down 2.88 percent to Rs.4,375.85 and Ranbaxy was down 2.82 percent to Rs.411.70.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment