Huge profit booking in banking stocks, sell-off in Reliance Industries and decline of rupee to one-year low triggered a wave of negative inverstor sentiment that pulled Sensex down over 200 points. Reliance fell more than 2%. The 50-share NSE Nifty lost 60 points to 5,081 and the 30-share BSE Sensextumbled over 200 points to 16,943.
SBI and ICICI Bank were down 1.5-2% among financial stocks. Axis Bank plunged 3% and HDFC Bank was down just 0.67%.
Capital goods stocks like BHEL and L&T too went down 1.5% each. Metal stocks hammered the most; the respective index fell 2%. SAIL, Sterlite Industries, Hindalco, JSPL and Tata Steel 1-3.5%.
Technology stocks like TCS and Infosys slid 1.5-2.5%.
However, HUL and Hero Motocorp were biggest gainers; both gained 2% each. ONGC, HDFC, PNB, M&M, Ranbaxy Labs and IDFC too moved up.
No comments:
Post a Comment