MUMBAI: Snapping a three-day
rise, the BSE benchmark sensex today fell by 63 points on emergence of
profit-booking activity amid the government winning FDI in multi-brand retail
vote in the Rajya Sabha.
The sensex, which had gained 182
points in last three sessions, fell by 62.70 points, or 0.32% to 19,424.10 led
by stocks of realty and IT sector. The gauge had gained nearly 0.4% at the
outset.
Brokers said the market failed to
hold on to gains as investors booked profits in stocks that have run up while
the IT sector continued to be under pressure on growth worries.
The government today won the
approval of Parliament to its controversial decision of allowing FDI in
multi-brand retail with a motion against it being defeated convincingly in
Rajya Sabha, as BSP voted in favour of UPA.
Market analysts said the down
trend was further influenced by weak cues from European markets as investors
adopted a cautious stance ahead of US non-farm payrolls data release later in
the day.
The broad-based National Stock
Exchange index Nifty fell by 23.50 points, or 0.40% to 5,907.40, after rising
to 5.949.85 in early trade.
In 30-BSE index components, 19
stocks declined led by IT stocks. Indian software companies get the majority of
their revenues from the US and European markets. The index was dragged down by
RIL, HDFC, Infosys, TCS and ICICI Bank.
Across sectoral indices, the BSE
realty sector index suffered the most by losing 1.68%, followed by IT index
(down 0.98%), Metal index (0.77%) and Banking index (0.52%).
However, the falling trend was
cushioned to some extent by the firming trend in auto sector as shares of
Maruti Suzuki climbed 1.94% to Rs 1,510.05, after touching one-year high.
അഭിപ്രായങ്ങളൊന്നുമില്ല:
ഒരു അഭിപ്രായം പോസ്റ്റ് ചെയ്യൂ