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Sensex closed at 18,860.44 points amid dull global cues
Published on 14 Jan. 2011 10:46 PM IST
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A benchmark index of Indian equities market Friday closed 322 points lower as traders continued to sell front-line stocks and downward pressure increased in the broader markets.
Dull cues from other bourses did not help either.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,198.04 points, closed at 18,860.44 points -- down 322.38 points or 1.68 percent from its previous close at 19,182.82 points. It had moved up to 19,447.82 points in the afternoon and fell to the intra-day low in late trade at 18,811.96 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange too shut shop in the negative at 5,654.55 points, down 97.35 points or 1.69 percent.
Even broader markets gave up their gains, with the BSE midcap index closing 1.18 percent down and the BSE smallcap index ending 1.04 percent lower.
Realty, banking and metal stocks were among major losers.
All 13 sectoral indices on the BSE closed in the red.
The market breadth was negative, with 879 stocks advancing compared to 1,956 scrips on the decline, while 151 stocks remained unchanged.
There were only four gainers on the Sensex: Tata Power, up 2.11 percent at Rs.1,375; Wipro, up 1.77 percent at Rs.463.05; Jindal Steel, up 0.31 percent at Rs.679.85; and M&M, up 0.13 percent at Rs.739.05.
Top Sensex losers included Tata Motors, down 4.62 percent at Rs.1,178.60; HDFC Bank, down 4.16 percent at Rs.2,053; HDFC, down 3.95 percent at Rs.641.55; and Sterlite Industries, down 3.45 percent at Rs.176.35.
According to data available with market regulator SEBI, foreign institutional investors sold scrips worth $24.95 million Friday.
Asian stock markets edged lower as traders booked profits, capitalising on the recent rally. Renewed worries about the US economy also persisted in investor minds, as the number of workers filing new applications for jobless benefits rose this week.
The Chinese Shanghai Composite index shed 1.29 percent at 2,791.34 points, while Hong Kong’s Hang Seng ended 0.18 percent higher at 24,283.23 points.
The Japanese Nikkei closed 0.86 percent down at 10,499.04 points.
European stocks were also trading lower, affected by the US jobless claims data and cautious traders who were concerned about the debt crisis some Euro zone countries are battling with.
Around mid-day, the German DAX was ruling 0.29 percent lower at 7,054.44 points, while the French CAC 40 was trading 0.3 percent down at 3,962.88 points.
The UK’s FTSE was ruling 0.75 percent down at 5,978.99 points.

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