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Tuesday, April 5, 2011

Oil & gas, IT drag Sensex down 83 points

Erasing its opening session gains, the Bombay Stock Exchange benchmark lost over 80 points during the pre-close session on Tuesday due to profit-booking by funds and retail investors amid mixed Asian cues.

The 30-share BSE index Sensex was down 83.35 points at 19,618.38. Similarly, the wide-based National Stock Exchange index Nifty was down 7.55 points at 5900.90.

Volume toppers during the session were SBI, L&T, Tata Motors, Tata Steel and ICICI Bank. Major Sensex losers were Infosys, ICICI Bank, HDFC, L&T, RIL, Mahindra & Mahindra and ONGC. Tata Motors, BHEL and SBI were the major gainers.

Among the heavyweights, RCom was up 4.17 per cent, BHEL 1.35 per cent, Cipla 1.28 per cent, Tata Motors 0.91 per cent and SBI 0.82 per cent. Tata Power was down 1.75 per cent, M&M 1.69 per cent,L&T 1.6 per cent, DLF 1.58 per cent and HDFC 1.33 per cent.

Among the sectoral indices, consumer durables was up 1.66 per cent, metal 0.75 per cent, healthcare 0.23 per cent and PSU 0.23 per cent. Oil & gas was down 0.63 per cent, IT 0.46 per cent, bankex 0.28 per cent and capital goods 0.22 per cent. Of the total 2,922 stocks traded, 1,794 advanced, 1,028 declined and 100 remained unchanged.

The BSE benchmark Sensex gained over 68 points in the opening trade today on the back of strong FII inflows amid expectations of encouraging fourth quarter earnings by corporates.

The 30-share index of the Bombay Stock Exchange, which had gained 281.34 points in the previous session, rose further by 68.48 points to 19,770.21 points as heavyweights such as oil and gas, PSU and power sector stocks made headway.

Similarly, the broad-based National Stock Exchange Nifty index also gained 20.20 points to 5,928.65.

www.thehindubusinessline.com

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