Press Esc to close
Tuesday 21 April 2015
News updated at 8:14 AM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

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
Minister U T Khader and MLA Vasanth Bangera stopping Minister B Ramanath Rai who got angry on ...

Minister U T Khader and MLA Vasanth Bangera stopping Minister B Ramanath Rai who got angry on ...

Yuvraj Singh of Delhi Daredevils plays a shot during their IPL match against Kolkata Knight Rider...

Yuvraj Singh of Delhi Daredevils plays a shot during their IPL match against Kolkata Knight Rider...

Police force at a large number being deployed for Left Front activists 'March to Lalbazar Kolkata...

Police force at a large number being deployed for Left Front activists 'March to Lalbazar Kolkata...

Kolkata Knight Riders players celebrate the wicket of J P Duminy (C) of Delhi Daredevils during ...

Kolkata Knight Riders players celebrate the wicket of J P Duminy (C) of Delhi Daredevils during ...

Traditional elephant fights, elephant races, tug of war and dances mark this festival which coincide

Traditional elephant fights, elephant races, tug of war and dances mark this festival which coincide

Villagers struggle to get drinking water from an almost dried well near Tansa dam, in Shahapur ...

Villagers struggle to get drinking water from an almost dried well near Tansa dam, in Shahapur ...

Prime Minister Narendra Modi at the foundation stone laying ceremony of Dr. Ambedkar International

Prime Minister Narendra Modi at the foundation stone laying ceremony of Dr. Ambedkar International

Narendra Modi talking with BJP veteran LK Advani during 'Garib Kalyan Yojana',...

Narendra Modi talking with BJP veteran LK Advani during 'Garib Kalyan Yojana',...

A view of the Kedarnath Shrine before it reopens on April 24 for general public...

A view of the Kedarnath Shrine before it reopens on April 24 for general public...

Snowed down surroundings of Kedarnath Shrine before it reopens on April 24 for general public...

Snowed down surroundings of Kedarnath Shrine before it reopens on April 24 for general public...

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