Sensex loses more than 170 points in opening trade

At 9.30am, the Sensex lost 0.83%, or 170.40 points, to 20,461.74 points. Photo: Mint

Mumbai: The 30-share benchmark BSE Sen sex fell for a second session on Thursday, losing over 170 points, tracking losses in the Asian markets after the minutes of Federal Open Market Committee’s (FOMC) 29-30 October meeting hinted that stimulus tapering is likely in coming months.

At 9.30am, the Sensex lost 0.83%, or 170.40 points, to 20,461.74 points, while the National Stock Exchange’s broader 50-share Nifty index dropped 0.78%, or 47.65 points, to 6,075.25.

The BSE Bankex lost 1.66% to be the biggest loser among sectoral indices.

Among the losers, Housing Development Finance Corp. Ltd dropped 1.5% to Rs.796.45, HDFC Bank Ltd fell 1.42% to Rs.640.50, while Hindalco Industries Ltd slipped 1.2% to Rs.119.45.

The gainers included Coal India Ltd that rose 0.99% to Rs.275.30, Wipro Ltd that gained 0.55% to Rs.486 and Cipla Ltd that jumped 0.55% to Rs.395.

On BSE, 370 stocks advanced, 419 stocks declined and 32 stocks remained unchanged.

First Published: Thu, Nov 21 2013. 09 45 AM IST

Sensex BSE Nifty Bankex FOMC

 nagesh dubey
pgdm 1st