Press Esc to close
Saturday 05 September 2015
News updated at 3:29 AM IST
Weather
Max: 34°C
Min : 22°C
In Bengaluru
Rain lightly

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

Mumbai, Nov 20 , 2012 (PTI)

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
People travelling on the roof a passenger train to particapte in Janmashtami festival in Mathura...

People travelling on the roof a passenger train to particapte in Janmashtami festival in Mathura...

Sachin Tendulkar attends the Isha Gramothsavam, a rural revitalization programme in Coimbatore...

Sachin Tendulkar attends the Isha Gramothsavam, a rural revitalization programme in Coimbatore...

Forest officials welcome first batch of Dasara elephants...

Forest officials welcome first batch of Dasara elephants...

Traditional Yakshagana artist performs dance...

Traditional Yakshagana artist performs dance...

People buying Lord Krishna idols on the eve of Sri Krishna Janmashthami...

People buying Lord Krishna idols on the eve of Sri Krishna Janmashthami...

A view of heavy traffic jam on Delhi-Gurgaon Expressway in Gurgaon on Friday...

A view of heavy traffic jam on Delhi-Gurgaon Expressway in Gurgaon on Friday...

One horned rhinoceros at a submerged area of the Kaziranga National Park in Assam...

One horned rhinoceros at a submerged area of the Kaziranga National Park in Assam...

Students from various parts of Karnataka perform Group Dance during the Samskrutika Habba...

Students from various parts of Karnataka perform Group Dance during the Samskrutika Habba...

Chennai- Mangalore Express derailment...

Chennai- Mangalore Express derailment...

Ducks on top of a submerged house in a flood affected village near Kaziranga...

Ducks on top of a submerged house in a flood affected village near Kaziranga...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523