India's Sensex down after previous rallies

India's Sensex down after previous rallies

Indian equities were ruling in the red intra-day Friday after a key index opened lower, following a rise of more than 400 points this week largely due to the favourable monetary policy announced by the central bank three days ago.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,459.72 points, against the previous close of 17,503.71 points.

After moving to an intra-day high of 17,519.88 points and a low of 17,441.49 points, it was ruling at 17,339.87  points.

At this level around 2.30 p.m., the barometer index was down 163.84 points, or 0.94 percent.

The 50-scrip S&P CNX Nifty of the National Stock Exchange ended the day 1.12 percent or 59.65 points down at 5,272.75  points.

Top losers included Tata Power, down 3.15 points at Rs.104.30, Larsen and Toubro (L&T), down 29.25 points at Rs.1,289.50, Hindalco Inds, down 3.30 points at Rs.124.85, BHEL, down 6.25 points at Rs.244.95 and Jindal Steel, down 13.05 at Rs.501.

Top gainers included Mahindra and Mahindra, up 17.75 points at 724, Wipro, up 2.50 points at 423.30, Cipla, up 1.50 points at 320.10, Maruti Suzuki, up 4.65 points at Rs.1,394 and Tata Steel, up 1.05 points at Rs.468.05.

The midcap index was down 67.41 points while the smallcap index down 33.65 points.

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