Press Esc to close
Sunday 21 September 2014
News updated at 8:24 AM IST
Weather
Max: 27.1°C
Min : 20.1°C
In Bangalore
Sunny day

Sensex down 46 points in early trade; sugar stocks rally

Mumbai, Apr 5, 201,3 (PTI) :
File Photo

Extending losses for the third straight day, the BSE Sensex today fell over 46 points in early trade due to sustained selling by funds despite a rally in sugar companies' stocks.

The 30-share BSE benchmark index, which had lost 531.25 points in the past two sessions, lost 46.72 points, or 0.25 per cent, to 18,462.98 in the early trade.

Similarly, the wide-based the National Stock Exchange Nifty declined by 12.90 points, or 0.23 per cent, to 5,561.85.


Stocks of FMCG, IT, banking and tech sectors remained under pressure and were trading in the negative zone with losses of up to 0.82 per cent.

Brokers said continued selling by funds and retail investors amid mixed trend in Asian bourses, mainly influenced the trading sentiment.

However, shares of sugar manufacturers rallied after the government partially decontrolled the sugar sector yesterday, giving millers freedom to sell in the open market and removed their obligation to supply the sweetener at a subsidised rates to ration shops.

Among major gainers, shares of Bajaj Hindusthan surged by 7.51 per cent, Balramapur Chini by 7.84 per cent and Shree Renuka Sugar by 7 per cent.

In the Asia region, Hong Kong's Hang Seng index was down by 2.11 per cent while, Japan's Nikkei index rose 3.57 per cent in the morning trade. The US Dow Jones Industrial Average ended 0.38 per cent up in yesterday's trade.

Go to Top

Photo Gallery
Amitabh Bachchan attends a “Kaun Banega Crorepati” event in Mumbai ...

Amitabh Bachchan attends a “Kaun Banega Crorepati” event in Mumbai ...

Gold medal winner India's Jitu Rai poses at the medal ceremony of Men's 50M Pistol shooting ...

Gold medal winner India's Jitu Rai poses at the medal ceremony of Men's 50M Pistol shooting ...

India's Heena Sindhu  during 10M Air Pistol Women's team qualification shooting ...

India's Heena Sindhu during 10M Air Pistol Women's team qualification shooting ...

Dalai Lama during inaugural speech at two-day meeting of Diverse Spiritual Traditions of India ...

Dalai Lama during inaugural speech at two-day meeting of Diverse Spiritual Traditions of India ...

John Abraham along with Spanish football player Joan Capdevila during a press conference in ...

John Abraham along with Spanish football player Joan Capdevila during a press conference in ...

India's badminton player P V Sindhu play a shot against Thailand's Buranaprasertsuk ...

India's badminton player P V Sindhu play a shot against Thailand's Buranaprasertsuk ...

ITC Chairman Y C Deveshwar meets Prime Minister Narendra Modi to hand over a cheque for  ...

ITC Chairman Y C Deveshwar meets Prime Minister Narendra Modi to hand over a cheque for ...

India's P C Thulasi plays a shot during the Quaterfinal match of women's singles badminton ...

India's P C Thulasi plays a shot during the Quaterfinal match of women's singles badminton ...

Two stray dogs on a pipe in a flooded locality on the outskirts of Srinagar ...

Two stray dogs on a pipe in a flooded locality on the outskirts of Srinagar ...

Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

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