Mumbai: Retreating from one-month highs, the benchmark Sensex on Monday fell 98 points in its first drop in six sessions on late selling in bluechips, including Tata Motors, HUL and RIL, amid mixed global cues.
After opening in positive zone on sustained foreign capital inflows and hopes of more economic reforms, the Sensex slipped on selling in heavy-weights and ended 98.15 points, or 0.37 per cent, at 26,752.90. Intra-day, it had touched a high of 26,994.96 while later slumping to a low of 26,726.84.
The gauge had rallied 851.71 points in previous five sessions after government announced energy sector reforms. Indian markets started the day well but lost all the gains as German business confidence fell and Goldman Sachs slashed 2015 oil target,” said Rajshekar Gowda, Senior Analyst, HBJ Capital.
Selling was more pronounced in realty, oil & gas, FMCG, teck, auto, IT and metal sector stocks, which pulled down the Sensex and Nifty. Sectorally, the BSE Realty sector index suffered the most by losing 3.79 per cent, followed by Oil & Gas 1.45 per cent, FMCG 1.06 per cent, Auto 0.79 per cent, IT 0.54 per cent and Metal 0.23 per cent.
However, Consumer Durables rose 2.11 per cent, Capital Goods 0.70 per cent and Bankex 0.48 per cent. Trend in rest of Asia remained mixed and European markets were down in opening trade.
Bureau Report
Leave a Reply