Sunday, October 6, 2013

Sensex drops over 200 points; Nifty slips below 5850 levels

NEW DELHI: The S&P BSE Sensex slipped a little over 1 per cent in morning trade on Monday, led by losses in ICICI Bank, ITC and Reliance IndustriesBSE -1.68 % Ltd. Tracking the muted momentum, the 50-share Nifty index slipped below its crucial psychological level of 5,850 in trade today.

At 09:40 a.m.; the 50-share index was at 5,845.80, down 64 points or 1.04 per cent. It touched a high of 5,895.25 and a low of 5,835.10 in early trade today.

The S&P BSE Sensex was trading at 19,708.32, down 207 points or 1.04 per cent. It touched a high of 19,888.41 and a low of 19,693.41 in trade today.

The S&P BSE Midcap Index was up 0.02 per cent and BSE S&P Smallcap Index edged higher by 0.12 per cent.

Among the sectoral indices, the BSE IT Index was up 0.6 per cent, followed by the S&P BSE Healthcare index which gained 0.39 per cent and the S&P BSE Consumer Durable Index rose 0.15 per cent.

The BSE Banking index was trading 2.46 per cent lower, followed by the BSE Oil & Gas index which was down 1.08 per cent, BSE PSU index slipped 1.09 per cent and the BSE Power index was trading 0.6 per cent lower.

Asian markets were trading mixed as politicians in Washington showed no signs of making progress over the weekend in resolving the U.S. budget standoff.

Japan's Nikkei 225 index was trading 0.46 per cent lower at 13,959.50 and Hong Kong's Hang Seng index was trading 0.75 per cent lower at 22,965.12. South Korea's Kospi index was trading 0.15 per cent lower at 1,993.

By Muntazir Alam
PGDM-1

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