Press Esc to close
Thursday 21 September 2017
News updated at 5:34 PM IST

Sensex erases initial gains,ends 10 pts down in volatile trade

Mumbai, Nov 20 , 2012 (PTI) 17:01 IST
In volatile trade, the BSE benchmark Sensex today erased the initial 129-point gain to settle with a loss of around 10 points at 18,329.32 as gains in M&M and HDFC were outweighed by losses in Infosys, SBI and RIL.

After a higher start at 18,422.69, the index rose to 18,467.91 -- a rise of 128.91 points over previous closing as overnight gains in US markets buoyed sentiments.
However, the market slowly frittered away all the gains to finally close 9.68 points lower at 18,329.32.

Brokers said the market wiped off all initial gains on fall in stocks of Infosys (1.46 pc), SBI (1.39 pc) and RIL (1.27 pc) on profit-selling.

Hindalco, Bajaj Auto and Sterlite Industries were also among the 17 losers in 30-share Sensex.

Among the 13 winners today in Sensex, M&M rose by 3.25 per cent, HDFC (2.02 pc) and Tata Power (1.81 pc) on heavy buying.

Broadly investors adopted a cautious stance ahead of the Winter session of Parliament where government is planning to introduce key bills and use it as an opportunity to showcase its resolve, said traders.

Talk of a no-confidence motion or a vote on FDI issue also made investors avoid fresh positions, they added.

However, the 50-share National Stock Exchange index Nifty edged up by 0.15 points to 5,571.55, after touching the day's high of 5,613.70.

"Volatility marked the trend as indecision continued on the bourses," said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio.

A weak opening in European markets further influenced the market activities amid European stocks falling as Moody’s Investors Service downgraded France's rating.
Across BSE indices, the realty sector index suffered the most by losing 3.02 per cent, followed by oil and gas index (0.88 per cent) and the metal index (0.73 per cent).

Go to Top

Photo Gallery
A man is rescued from a collapsed building in the Condesa neighborhood of Mexico City after an...

A man is rescued from a collapsed building in the Condesa neighborhood of Mexico City after an...

A car sits crushed from a building felled by a 7.1 earthquake, in Jojutla, Morelos state, Mexico...

A car sits crushed from a building felled by a 7.1 earthquake, in Jojutla, Morelos state, Mexico...

U.N. : President Emmanuel Macron of France addresses the 72nd session of the United Nations...

U.N. : President Emmanuel Macron of France addresses the 72nd session of the United Nations...

People walk by a fallen tree off the shore of Sainte-Anne on the French Caribbean island of...

People walk by a fallen tree off the shore of Sainte-Anne on the French Caribbean island of...

The arms, bullets and other items recovered by the BSF from the two Pakistani infiltrators who...

The arms, bullets and other items recovered by the BSF from the two Pakistani infiltrators who...

An Anganwadi worker faints during a protest in favour of their demands, at Residency Road in...

An Anganwadi worker faints during a protest in favour of their demands, at Residency Road in...

A delivery boy pushes his bicycle through a water-logged street after heavy rains at...

A delivery boy pushes his bicycle through a water-logged street after heavy rains at...

The wall of Kohalgaon dam which collapsed during the trial run and inundated nearby areas of a...

The wall of Kohalgaon dam which collapsed during the trial run and inundated nearby areas of a...

Joe Acaba, left, the first astronaut of Puerto Rican heritage, talks during an interview with...

Joe Acaba, left, the first astronaut of Puerto Rican heritage, talks during an interview with...

U.S. President Donald Trump addresses the 72nd United Nations General Assembly at U.N. headquarters

U.S. President Donald Trump addresses the 72nd United Nations General Assembly at U.N. headquarters

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.