Red day 6: Sensex loses 209 points to reach 1-month low
13 Nov 2013 5:37 AM IST
Tata Motors, ICICI Bank and Reliance Industries were the biggest drag as 26 of the 30 shares on the index fell. Sesa Sterlite and Tata Power were among the big losers. Metal, power and auto sector stocks led 12 of the 13 BSE group indices lower.
The 30-share Sensex resumed higher at 20,510.31 and moved in a range of 20,262.22 to 20,584.22 before ending at 20,281.91, a loss of 209.05 points or 1.02 per cent.
The index has dropped 957.45 points, or 4.51 per cent, since its peak closing of 21,239.36 in a special muhurat session on 3 November.
The Sensex was at the lowest level since closing at 20,272.91 on 10 October. It was the longest losing streak for the index since the eight days ended 2 August.
The 50-share CNX Nifty on the National Stock Exchange dipped 60.75 points, or 1 per cent, to a one-month low of 6,018.05. The SX40 on the MCX Stock Exchange ended 93.76 points lower at 12,086.48.
'We are also awaiting IIP and CPI numbers which the market feels will put a damper on the mood,' said Shrinivas Viswanath, cofounder of RKSV. Foreign institutional investors bought shares worth a net Rs 333.50 crore on Monday, according to provisional data from the stock exchanges.
‘Continuing concerns over the Fed taper, rupee depreciation, high bond yields and expectations of a sustained high CPI inflation number were the reasons for the fall. FII purchases in the cash market have tapered over the past few sessions,’ said Dipen Shah, head of Private Client Group Research at Kotak Securities.
The 30-share Sensex resumed higher at 20,510.31 and moved in a range of 20,262.22 to 20,584.22 before ending at 20,281.91, a loss of 209.05 points or 1.02 per cent.
The index has dropped 957.45 points, or 4.51 per cent, since its peak closing of 21,239.36 in a special muhurat session on 3 November.
The Sensex was at the lowest level since closing at 20,272.91 on 10 October. It was the longest losing streak for the index since the eight days ended 2 August.
The 50-share CNX Nifty on the National Stock Exchange dipped 60.75 points, or 1 per cent, to a one-month low of 6,018.05. The SX40 on the MCX Stock Exchange ended 93.76 points lower at 12,086.48.
'We are also awaiting IIP and CPI numbers which the market feels will put a damper on the mood,' said Shrinivas Viswanath, cofounder of RKSV. Foreign institutional investors bought shares worth a net Rs 333.50 crore on Monday, according to provisional data from the stock exchanges.
‘Continuing concerns over the Fed taper, rupee depreciation, high bond yields and expectations of a sustained high CPI inflation number were the reasons for the fall. FII purchases in the cash market have tapered over the past few sessions,’ said Dipen Shah, head of Private Client Group Research at Kotak Securities.
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