Monday, January 9, 2012

Sensex down by 34 points

BSE benchmark index, Sensex, on Monday fell 34 points under selling pressure due to concerns about slowing economic growth, amid the weakening global trend.

30-share Sensex ended the day at 15,814.72, lower by 34.08 points from its last close, after moving between 15,871.51 and 15,678.30 points.

Broad-based National Stock Exchange index Nifty was down 4.10 points 4,742.80 at close range. Brokers said trading in bearish sentiment in a statement on Sunday after Prime Minister Manmohan Singh, the growth of the current fiscal would be 7 percent, down 8.5 percent a year ago.

Mixed trend in Asian region and a small aperture in Europe even more influenced by market sentiment.

Reliance Industries, heaviest among the Sensex stocks, fell 1.08 per cent of the Rs 706.95. Infosys lost 0.05 percent to close of Rs 2,836.20.

State Bank of India lost 1.92 per cent to Rs 1,637.75 on the day itself is the fear of more bad loans in the banking segment.Nafta and gas sector index suffered the most losing 0.71 percent to settle at 7,626.55, followed by auto index 0.47 percent 8,134.43. FMCG index fell 0.34 percent and the IT index 4,009.62 5,881.80 0.10 percent.

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Article Source:- http://www.thehindu.com/business/markets/article2787773.ece

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