Millennium Post

Sensex snaps 3-day rise, down 71 points

Shares from power, capital goods, banking and realty segments suffered with losses while IT, FMCG and metal closed with gains and restricted the sensex fall to some extent.

Gains were noticed by heavyweights TCS, ITC, Infosys and Hero MotoCorp were totally washed out by fall in ICICI Bank, L&T, NTPC, HDFC, SBI and ONGC.

NTPC plunged by 11.26 pct after Central Electricity Regulatory Commission (CERC) released Draft Regulations, 2014 for the period 2014-19 for power generation companies. The stock was the biggest loser from the Sensex pack.

The Bombay Stock Exchange 30-share barometer resumed slightly lower and tried to cross the positive terrain but failed and tumbled to a low of 21,175.08, down by over 151 points.

Later, it recovered on buying in select key stocks to settle at 21,255.26, recealing a fall of 71.16 points or 0.33 per cent. In last three sessions, it had risen by 617.71 points or 2.98 per cent. The broader 50-issue CNX Nifty of the NSE also dropped by 31.05 points or 0.49 per cent to 6,332.85.

Meanwhile, Global rating agency Fitch on Tuesday expressed fear that the defeat of Congress in four of the five state assembly elections could lead to higher fiscal deficit target as the government would be constrained to curb expenditure.

Rs increases 9p to 4-month high of 61.04 against $

Mumbai: The rupee extended gains for the fifth straight session on Tuesday and closed nine paise higher at 61.04 against the dollar on sales of the US currency by exporters and banks amid heavy capital inflows.

Some weakness in the dollar overseas helped the rupee rise to a four-month high, while a fall in local equities capped the gains, a forex dealer said. The rupee resumed strong at 60.98 a dollar from the previous close of 61.13 at the interbank foreign exchange market and touched a high of 60.97.
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