Sensex loses 204 points following bearish movements in many stocks
The Indian stock markets lost a little ground today because of bearish movements in many of the constituent stocks. The Sensex closed the day testing the 18100 mark today at 18109.89 points losing 204.44 in trade today. The Nifty tested the 5450 level but managed to close a little above it at 5456.55 points losing 60.25 points in today’s trade.
The global markets earlier had shown a similar picture. The Hang Seng lost 241 points today whule Nikkei 225 and Taiwan Index lost 120.42 and 116.66 points respectively.
Leading gainers in trade today include NTPC and Cipla which rose above 2% each. ONGC with 1.12% and Kotak Mahindra Bank with 0.81% followed. On the losers end are JP Associates that continued to be hammered. The script lost 4.87% today. Reliance Communications is back to sub-Rs. 100 levels and closed the day at Rs. 98.95 losing 3.51%. SBI and Reliance Capital followed in the list.
Crompton Greaves (BSE: 500093; NSE: CROMPGREAV; ISIN: INE067A01029) that is in active trade (and losing ground in recent times) is back in the green today. The script closed yesterday at Rs. 160.35 opened this morning at Rs. 169 and closed the day at Rs. 164. So, technically the script appeared to have created a positive ground today.
Food Minister K V Thomas in a written reply to Lok Sabha said that the closing stock of Sugar is expected to remain higher and up by 17% and that the sugar prices are currently stable. Sugar stocks however remained weak and most of them closed in the red. Blarampur Chini and Bajaj Hindustan are down over 5% each. Shree Renuka and Bannariamman are down 4% each. Dhampur Sugar is down over 3%. KCP Sugar is down over 2%.
Add commentAugust 2nd, 2011