Press Esc to close
Thursday 21 September 2017
News updated at 10:59 PM IST

Sensex falls for 8th day, down 153pts on weak Re, poor results

Mumbai, Aug 2, 2013 (PTI): 17:00 IST
The S&P BSE Sensex today ended 153 points lower, extending its losing run to eighth straight session, on heavy selling in metals, power and PSUs shares, amid the rupee again breaching the 61-mark against the dollar.

The Sensex, which had lost 986 points in last seven days, fell further by 153.17 points, or 0.79 per cent to 19,164.02. The eight day losing streak is the blue-chip index's longest in four months. On a weekly basis, Sensex was down 3 per cent.
Besides rupee weakness and FII selling, steady inflow of weak earnings by some major companies also dampened sentiment.

The broad-based National Stock Exchange index Nifty fell by 49.95 points, or 0.87 per cent to 5,677.90. Also, SX40 index, the flagship index of MCX-SX, closed at 11418.73, down 107.86 points or 0.94 per cent.

The market remained under pressure after Goldman Sachs downgraded Indian stocks to 'underweight' yesterday. State-run banks continued recent falls on NPA concerns and Bank of America-Merrill Lynch downgraded some PSU banks.

Metal stocks were major losers led by Jindal Steel and power on reports of slowing economic growth in China, the biggest user. Jindal Steel dropped by 7.29 per cent to Rs 186.90 and Sterlite Industries by 3.92 per cent to Rs 72.30.

For the second day running, Financial Technologies plunged by 21.12 per cent and MCX by 20 per cent amid troubles at National Spot Exchange Ltd (NSEL).

"... factors like selling from FIIs, weaker Rupee and not so impressive quarter 1 FY14 results have led to investors exiting their long positions," said Rakesh Goyal-Senior Vice President,Bonanza Portfolio.

Power Grid Corporation plunged by 11.56 per cent to Rs 91.05 after saying it would sell new shares to raise funds.

The realty sector index suffered the most by losing 4.01 per cent to 1,213.70, followed by power index by 3.77 per cent to 1,418.43. Metal index dropped 3.65 per cent to 6,509.56 and capital goods index by 1.55 per cent to 8,012.35.

In 30-BSE index components, 24 stocks declined while six ended higher.

Go to Top

Photo Gallery
Vehicles wade through a flooded road after heavy rains in Thane district of Maharashtra on...

Vehicles wade through a flooded road after heavy rains in Thane district of Maharashtra on...

Real Madrid's Cristiano Ronaldo closes his eyes during Spanish the La Liga soccer match between...

Real Madrid's Cristiano Ronaldo closes his eyes during Spanish the La Liga soccer match between...

Rahul Gandhi addressing during a meeting with NRIs at Times Square in New York City on Wednesday..

Rahul Gandhi addressing during a meeting with NRIs at Times Square in New York City on Wednesday..

A woman covers herself with a plastic bag as she makes her way to work as Hurricane Maria...

A woman covers herself with a plastic bag as she makes her way to work as Hurricane Maria...

An artisan applies finishing touches on an idol of the Hindu goddess Durga, before it is...

An artisan applies finishing touches on an idol of the Hindu goddess Durga, before it is...

Bollywood actress Nidhhi Agerwal showcases a creation by designer Rajat K Tangri during the...

Bollywood actress Nidhhi Agerwal showcases a creation by designer Rajat K Tangri during the...

People pushing a car at a waterlogged road after heavy rains in Varanasi on Thursday...

People pushing a car at a waterlogged road after heavy rains in Varanasi on Thursday...

Policemen guard outside former chief minister S M Krishna's son in-law Siddartha's corporate ...

Policemen guard outside former chief minister S M Krishna's son in-law Siddartha's corporate ...

Indian players celebrate the dismissal of Australia's David Warner...

Indian players celebrate the dismissal of Australia's David Warner...

Actor Kamal Haasan with Aam Aadmi Party (AAP) chief and Delhi Chief Minister Arvind Kejriwal...

Actor Kamal Haasan with Aam Aadmi Party (AAP) chief and Delhi Chief Minister Arvind Kejriwal...

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.