s
Nidhi Land
   Matrimonial |  Properties |  Jobs |  Classifieds |  Ask Doctor |  Live TV |  Cartoon |  Sponsored Greetings |  Astrology  |   Red Chillies |  Tips for life |  Tribute |  Debate




      Search in

Thursday, September 20, 2012 3:34:55 PM (IST)  

Sensex Falls on Political Uncertainty, Weak Asian Cues

Mumbai, Sep 20 (IANS): Indian equities markets' benchmark indices fell Thursday due to political uncertainties arising out of the government's decision to hike diesel prices and allow overseas investments in multi-brand retail and weak cues from other Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened sharply lower at 18,292.22 points, was trading at 18,385.85 points in the afternoon session, down 0.60 percent or 110.16 points from its previous close at 18,496.01 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange slumped 0.72 percent or 40.05 points at 5,560 points.

Weak cues from Asian peers and political uncertainties that arose after the Mamata Banerjee-led Trinamool Congress decided to pull out of the government have dampened sentiments at the Indian markets.

There was heavy selling pressure in capital goods, metal, power and oil and gas stocks.

The BSE capital goods index was down 2.17 percent, metal index fell 1.84 percent, power index was down 1.70 percent and oil and gas index was trading 1.36 percent lower.

Reliance Industries Ltd fell 2.18 percent at Rs.836.55. Gail India, down 3.97 percent at Rs.372.50; BHEL, down 3.69 percent at Rs.216.70; Sterlite Inds, down 3.14 percent at Rs.98.70 and Coal India, down 2.83 percent at Rs.365.55 were among the major Sensex losers.

Only 11 of the 30 Sensex scrips were in the positive. TCS, up 1.89 percent at Rs.1325; Bharti Airtel, up 1.57 percent at Rs.272.25; Infosys, up 1.24 percent at Rs.2,631.85 and Maruti Suzuki, up 1.23 percent at Rs.1,290.90 were among the major Sensex gainers.

Most other Asian markets were also under selling pressure. Japan's Nikkei fell 1.57 percent and China's Shanghai Composite index was down more than two percent.



Stay updated wherever you go with Daijiworld.com and Daijiworld 24X7 tv channel mobile apps.
CLICK HERE to download it for your device.
(available on Android and IOS)
 
Print this Article
Email this article to your friend
 
 
Write your Comments
 
News Title Sensex Falls on Political Uncertainty, Weak Asian Cues
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
[Please limit your comments within 2000 characters]

You have characters left.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.
 
Security Validation
Enter the characters in the image above
 
 
Published by Daijiworld Media Pvt Ltd Mangalore
Editor-in-chief : Walter Nandalike


Corporate Office :
Daijiworld Residency,
Airport Road, Bondel Post,
Mangalore - 575 008
Karnataka India
Telephone : +91-824-2982023
City Office :
First Floor,
Divya Deepa Arcade,
Bendorewell, Kankanady,
Mangalore - 575 002
Karnataka India
Telephone : +91-824-4259372
e-mail   General enquiry: office@daijiworld.com, News & Info : news@daijiworld.com

Disclaimer | Privacy Policy | About Us
Copyright 2001 - 2014. All rights reserved.
Our Franchise Offices
Kishoo Enterprises, Maithri Complex, 3rd Floor,
Udupi Service Bus Stand, Udupi, Karnataka. Pin 576101
Telephone : 0091-820-4295571
e-mail : udupi@daijiworld.com
Daijiworld Middle East FZE
P.O.Box: 84772, Dubai, UAE
Tel: 971-50-6597629  Fax: 971-4-2639207
Email: dubai@daijiworld.com