Bourses see bear rule for 2nd day

Scanty rains remains a cause of concerns for investors as the South West monsoon rains were 64 per cent below normal in the past seven days to August 5, 2009. Power, auto, realty and banking stocks were the major losers and the market breadth was weak.

As per data released by bourses after the trading hours divulge that foreign funds this day dumped stocks worth a net Rs 1,050.81 crore, while domestic funds bought stocks worth a net Rs 414.43 crore.

The BSE  Sensex was down 353.79 points or 2.28 per cent to close at 15,160.24 points.  The  S&P CNX Nifty was down 104.10 points or 2.27 per cent to settle at 4,481.40. Nifty August 2009 futures were at 4467, at a discount of 14.40 points as compared to the spot closing of 4481.40. Turnover in NSE’s futures & options (F&O) segment was Rs 65,231.26 crore, much lower than Rs 73,819.40 crore on Thursday. All other indices on the Bombay Stock Exchange also declined withn the Sensex.

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