02 August 2011

Sensex down 200 points


The benchmark Sensex remained under pressure due to sell-off across the globe since yesterday post disappointing manufacturing data from US, Europe and China. Even the broader indices were taking beating as about four shares falling for every one share gaining.
The 30-share BSE Sensex slipped 229 points to 18,084 and the 50-share NSE Nifty fell 65 points to 5,451 led by fall in 35 shares.
Financial, auto, metal, telecom, technology and realty dragging the market down.
Among largecaps, Jaiprakash Associates, Reliance Communications, SBI, Wipro, Sterlite Industries and IDFC were down between 2% & 5%. However, NTPC, Cipla, Kotak Mahindra Bank, Ranbaxy Labs and ONGC were quite supportive, gaining between 1% and 2%. Reliance Industries too was on buyers' radar, rising 0.5%.

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