Press Esc to close
Thursday 27 July 2017
News updated at 8:09 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
Former Prime Minister Manmohan Singh calling on President Ram Nath Kovind at Rashtrapati Bhavan...

Former Prime Minister Manmohan Singh calling on President Ram Nath Kovind at Rashtrapati Bhavan...

Wrestlers practice for the 'Dangal Akhada' on the eve of Nag Panchami festival in Jabalpur...

Wrestlers practice for the 'Dangal Akhada' on the eve of Nag Panchami festival in Jabalpur...

A bonnet macaque sits on consecrated idols of snakes as it drinks milk offered by a devotee...

A bonnet macaque sits on consecrated idols of snakes as it drinks milk offered by a devotee...

Nitish Kumar and Shushil Kumar Modi wave at gathering after they were sworn-in as Bihar Chief...

Nitish Kumar and Shushil Kumar Modi wave at gathering after they were sworn-in as Bihar Chief...

Indian women's national team captain Mithali Raj at a felicitating event for India women's cricket..

Indian women's national team captain Mithali Raj at a felicitating event for India women's cricket..

A woman security official offfers a rose to a woman pilgrim as she leaves for Saudi Arabia...

A woman security official offfers a rose to a woman pilgrim as she leaves for Saudi Arabia...

India's team members and bowler Mohammed Shami, center, celebrate the dismissal of Sri Lanka's...

India's team members and bowler Mohammed Shami, center, celebrate the dismissal of Sri Lanka's...

Children play in a water logged street after heavy rains in Kolkata on Thursday...

Children play in a water logged street after heavy rains in Kolkata on Thursday...

Workers of RJD and Congress shout slogans and burn an effigy of Bihar Chief Minister Nitish Kumar...

Workers of RJD and Congress shout slogans and burn an effigy of Bihar Chief Minister Nitish Kumar...

Children dressed up like tiger for the 'Tiger my Friend' programme on the occasion...

Children dressed up like tiger for the 'Tiger my Friend' programme on the occasion...

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.