- Urvashi did mistake againKatrina Kaif is under no pressureIs Puli a match to Bahubali?Ileana on small breakAlia's dad wants her to encash her popularityNimrat has special feeling for AkshayHas Aishwarya sidelined Irrfan Khan from Jazbaa promotions?Varun Dhawan and Natasha enjoy in MaldivesKnow what were Salman’s life changing tips for Athiya ShettyNeha Dhupia lesser known facts
Reigning world tennis champion Novak Djokovic became a new goodwill ambassador for the UN
Sensex falls to two week low at close Last Updated : 31 Jan 2013 05:00:16 PM IST File photo of Bombay stock exchange.
Hit by profit-booking in ICICI, HDFC Bank and RIL shares, the BSE benchmark Sensex on Thursday fell by 110 points to close at two-week low of 19,894.98 amid cautious trading on monthly expiry of derivative products.
Mixed global cues with a downward bias after the US Commerce Department yesterday surprised market by declaring contraction in the US economy for the fourth quarter also weighed on the domestic market sentiment, said brokers.
The BSE 30-share barometer initially touched a high of 20,008.83 but later fell back and remained in negative zone for the rest of the day. It concluded at 19,894.98, a fall of 110.02 points or 0.55 per cent.
Similarly, the NSE 50-issue Nifty also declined by 21.00 points or 0.35 per cent to close at 6,034.75.
Banks, mainly from private sector, and refinery stocks fell on selling while realty and PSU shares saw rise.
ICICI Bank fell 1.93 per cent after profit-booking set in after the private sector bank posted over 30 per cent growth in December quarter profit. HDFC Bank scrip lost 1.87 percent.
Sensex falls to 2-week low; profit-taking in ICICI Bank, RIL:
Reliance Industries fell 1.39 per cent after the first meeting of the newly formed Cabinet Committee on Investment yesterday failed to break the logjam over defence clearances to oil and gas activities in 39 offshore areas, including RIL's producing KG-D6 fields.
Tata Power was the biggest loser in Sensex with a fall of 2.17 per cent. L&T, Bharti Airtel and HUL also ended lower.
However, ITC was in keen demand with a rise of 1.25 per cent. Alongwith ITC, rise in Bhel, Sun Pharma, Hero MotoCorp and CIL cushioned the Sensex fall to some extent.
"The broader indices did see some profit booking on the F&O expiry. However, stock specific activity was vivid," said Milan Bavishi, Head Research, Inventure Growth & Securities.
PSU banks hogged limelight in the Nifty space as PNB showed improvement in asset quality. The stock ended over 9.37 per cent while Union Bank gained nearly 6 per cent.
Jet Airways shares surged 4.4 per cent on hopes of a deal with Etihad soon, said dealers.
Post Your Comment (0 posted):
Filmmakers Abbas-Mustan has revealed that Kapil Sharma was the only actor they considered
- Haven't re-shot anything for 'Jagga Jasoos': Katrina Kaif
- 'Phantom' tweet review
- Let’s know about the celebs through their tattoos
- You will make your fathers proud: SRK to Athiya, Sooraj
- No pressure to get married: Gauhar Khan
- I don't like the tag of comedy: Rajpal Yadav
- Sharmila Tagore, Taapsee Pannu support Gaurang's pan-India themed show
- Urshavi did mistake again
Scientists have discovered that Roman-era Egyptian mummy portraits used the pigment Egypti
Lenovo starts smartphone manufacturing in India.