Press Esc to close
Saturday 30 April 2016
News updated at 8:28 AM IST
Weather
Max: 36.7°C
Min : 24.5°C
In Bengaluru
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
Cricketer Virat Kohli during inauguration of a store in Hyderabad on Friday...

Cricketer Virat Kohli during inauguration of a store in Hyderabad on Friday...

Boys cool themselves in a pond on a hot summer afternoon at a village near Balurghat in South...

Boys cool themselves in a pond on a hot summer afternoon at a village near Balurghat in South...

A duck quenches its thirst at a zoo during hot summer day in Surat on Friday...

A duck quenches its thirst at a zoo during hot summer day in Surat on Friday...

A pair of tigers at a zoo during hot summer day in Surat on Friday...

A pair of tigers at a zoo during hot summer day in Surat on Friday...

Devotees take holy dip in the Kshipra river during Simhasth Kumbha Mela in Ujjain...

Devotees take holy dip in the Kshipra river during Simhasth Kumbha Mela in Ujjain...

Farmers bathe their cattle in a stream during hot summer day in Kasara, Thane...

Farmers bathe their cattle in a stream during hot summer day in Kasara, Thane...

Actors Karan Singh Grover and Bipasha Basu during their mehndi Ceremony in Mumbai...

Actors Karan Singh Grover and Bipasha Basu during their mehndi Ceremony in Mumbai...

Villagers gather to collect water from a well that was filled by a tanker in Kasara, Thane...

Villagers gather to collect water from a well that was filled by a tanker in Kasara, Thane...

Protesters throw stones on security personnel during clashes in Srinagar...

Protesters throw stones on security personnel during clashes in Srinagar...

Muslim children paying obeisance at the Golden Temple on the occasion of 463rd Birth Anniversary...

Muslim children paying obeisance at the Golden Temple on the occasion of 463rd Birth Anniversary...