Press Esc to close
Friday 25 July 2014
News updated at 12:40 AM IST
Weather
Max: 27.9°C
Min : 21.3°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
India's Sanjita Khumukcham completes a lift during the 48-kg women's weightlifting event...

India's Sanjita Khumukcham completes a lift during the 48-kg women's weightlifting event...

Sachin Tendulkar speaks at the launch of the campaign “Shuddh Paani, Swastha Bharat” to curb...

Sachin Tendulkar speaks at the launch of the campaign “Shuddh Paani, Swastha Bharat” to curb...

Kajol with her mother actress Tanuja at a seminar on breast cancer in Pune...

Kajol with her mother actress Tanuja at a seminar on breast cancer in Pune...

Hironori Kanayama, President & CEO 0f Honda Cars India Ltd. and Yoshiyuki Matsumoto...

Hironori Kanayama, President & CEO 0f Honda Cars India Ltd. and Yoshiyuki Matsumoto...

School students wades through a flooded street after heavy rains in Ahmedabad...

School students wades through a flooded street after heavy rains in Ahmedabad...

Aishwarya Rai Bachchan at a promotional event in Glasgow on Wednesday...

Aishwarya Rai Bachchan at a promotional event in Glasgow on Wednesday...

Monsoon clouds over Taj Mahal in Agra...

Monsoon clouds over Taj Mahal in Agra...

A over view of fireworks that gallored the sky at Celtic Park during the opening ceremony...

A over view of fireworks that gallored the sky at Celtic Park during the opening ceremony...

A  man rows his boat on a river in Buthidaung...

A man rows his boat on a river in Buthidaung...

A worker sorts coffee berries at a factory in Kienjege, Nairobi...

A worker sorts coffee berries at a factory in Kienjege, Nairobi...

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