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Sensex sheds 247 more points following institutional selling

August 4th, 2011

Citing institutional selling, the Indian stock markets closed another day in the red. The Sensex is down 247.37 points at 17693.18. The Nifty lost 73 points to close the day at 5331.80.

Much of the damage was in the Auto, Bank, Capital Goods sectors followed by FMCG, Health care and IT.

Top losers of the day are Mahindra & Mahindra, Ranbaxy Labs that lost over 4% each, Reliance Capital and ITC that lost over 3% each. ITC is back below the Rs. 200 mark once again. The gainers list is led by BPCL with a gain over 3.43% in trade today followed by marginal gains in Reliance Infra, GAIL and Reliance Communications.

FII’s sold over Rs. 801.10 crores in Equities and Rs. 1,169.20 crores in the debt markets yesterday (3 Aug). MFs bought Rs. 23.40 crores and Rs. 556.90 crores in equity and debt markets respectively yesterday (3 Aug).

Educomp Solutions (BSE: 532696 | NSE: EDUCOMP | ISIN: INE216H01027) announced its Q1 numbers today. The company reported net profit of Rs. 36 crores in the first quarter of FY12. This number is unchanged compared to the corresponding quarter in the last fiscal.

Entry Filed under: Equity Markets, Closing Bell, Education