Press Esc to close
Tuesday 29 July 2014
News updated at 3:04 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

Sensex falls to 2-week low; profit-taking in ICICI Bank, RIL

Mumbai, Jan 31, 2013, (PTI) :
File photo

Hit by profit-booking in ICICI, HDFC Bank and RIL shares, the BSE benchmark Sensex today fell by 110 points to close at two-week low of 19,894.98 amid cautious trading on monthly expiry of derivative products.

Mixed global cues with a downward bias after the US Commerce Department yesterday surprised market by declaring contraction in the US economy for the fourth quarter also weighed on the domestic market sentiment, said brokers.

The BSE 30-share barometer initially touched a high of 20,008.83 but later fell back and remained in negative zone for the rest of the day. It concluded at 19,894.98, a fall of 110.02 points or 0.55 per cent.


Similarly, the NSE 50-issue Nifty also declined by 21.00 points or 0.35 per cent to close at 6,034.75.

Banks, mainly from private sector, and refinery stocks fell on selling while realty and PSU shares saw rise.

ICICI Bank fell 1.93 per cent after profit-booking set in after the private sector bank posted over 30 per cent growth in December quarter profit. HDFC Bank scrip lost 1.87 percent.

Reliance Industries fell 1.39 per cent after the first meeting of the newly formed Cabinet Committee on Investment yesterday failed to break the logjam over defence clearances to oil and gas activities in 39 offshore areas, including RIL's producing KG-D6 fields.
Tata Power was the biggest loser in Sensex with a fall of 2.17 per cent. L&T, Bharti Airtel and HUL also ended lower.

However, ITC was in keen demand with a rise of 1.25 per cent. Alongwith ITC, rise in Bhel, Sun Pharma, Hero MotoCorp and CIL cushioned the Sensex fall to some extent.
"The broader indices did see some profit booking on the F&O expiry. However, stock specific activity was vivid," said Milan Bavishi, Head Research, Inventure Growth & Securities.

PSU banks hogged limelight in the Nifty space as PNB showed improvement in asset quality. The stock ended over 9.37 per cent while Union Bank gained nearly 6 per cent.
Jet Airways shares surged 4.4 per cent on hopes of a deal with Etihad soon, said dealers.

Go to Top

Photo Gallery
England's Sam Robson, left, fields the ball beside four other slips ...

England's Sam Robson, left, fields the ball beside four other slips ...

A Muslim woman performs ablution before having iftar meal on the last day of the holy month...

A Muslim woman performs ablution before having iftar meal on the last day of the holy month...

Police take top Maoist leader Sabyasachi Panda while taking him to court in Berhampur...

Police take top Maoist leader Sabyasachi Panda while taking him to court in Berhampur...

The launch of Science Express biodiversity special (SEBS) train in New Delhi...

The launch of Science Express biodiversity special (SEBS) train in New Delhi...

England's Ian Bell hits a shot during the second day of the third cricket test...

England's Ian Bell hits a shot during the second day of the third cricket test...

Bollywood music director Anu Malik, actor Sonam Kapoor, filmmaker Farah Khan and Pakistani...

Bollywood music director Anu Malik, actor Sonam Kapoor, filmmaker Farah Khan and Pakistani...

India shooter Vijay Kumar at Barry Buddon Shooting Centre in

India shooter Vijay Kumar at Barry Buddon Shooting Centre in

Muslim women offer namaz in Coimbatore on Monday during...

Muslim women offer namaz in Coimbatore on Monday during...

India gold medallist Rahi Sarnobatat and silver medallist Anisa Sayyed pose for...

India gold medallist Rahi Sarnobatat and silver medallist Anisa Sayyed pose for...

Ned McKendry of Australia is seen underwater as he...

Ned McKendry of Australia is seen underwater as he...

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