Stocks end lower on global economic concerns
MUMBAI: After a promising start, stocks see-sawed through the day to finally give in to losses. Deteriorating global economic news with Hong Kong and Italy drifting into recession weighed on sentiment. All sectoral indices, barring FMCG, ended in the negative territory.
Bombay Stock Exchange’s Sensex ended 1.34 per cent or 127.42 points lower at 9,408.91. The index fell to a low of 9,267.49 from a high of 9,836.11.
National Stock Exchange’s Nifty slipped 0.88 per cent or 22 points to 2823.45. The index swung in a range of 2778.80 and 2938.80.
BSE Midcap and Smallcap indices were down 2 per cent and 1.25 per cent respectively.
Biggest losers in the Sensex pack were Tata Motors (8.95%), ACC (-8.83%), Tata Steel (-5.67%), Jaiprakash Associates (-5.06%), Larsen & Toubro (-5.03%) and BHEL (-4.88%).
Bharti Airtel (3.92%), Reliance Communications (3.38%), Tata Power (2.51%), ITC (0.5%) and Hindustan Unilever (0.49%) ended higher.
Market breadth remained negative with 1582 declines against 937 advances on BSE.
(All figures are provisional)
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