Sensex Extends Losses; IT Up 2%

The Sensex continued its negative journey in today’s session (Sep 17) because of heavy Sensex Extends Losses; IT Up 2%selling activity seen across FMCG, metal and banking stocks, while selective buying action was witnessed in IT, auto and real estate segments.

Today, the 30-share index, BSE Sensex opened at 13,620.74, up 101.94 points, as against its last closure at 13,518.80, down 12.47 points on Tuesday (Sep 16).

At 11:04 a.m., the BSE Sensex stood at 13,386.26, down 132.54 points, after hitting a high of 13,620.74 and a low of 13,329.98.

In the meantime, the broad based Nifty lost 32.20 points at 4,042.70, after touching a high of 4,116.70 and a low of 4,023.00. (11.04 a.m.)

The total breadth of the market was mixed as it saw 1,058 progressions, as against 986 declinations.

The major gainers’ in the 30-share index included Infosys Technologies, which gained 3.81%, Tata Motors profited 2.17%, Satyam Computer Services zoomed 2.15%, Oil & Natural Gas Corporation surged 1.71%, Wipro lifted 1.34%, and Mahindra & Mahindra profited 1.10%.

On the other hand, the biggest losers in the Sensex were Ranbaxy Laboratories, which lost 7.65%, ICICI Bank dipped 4.73%, Sterlite Industries (India) declined 4.23%, ITC slashed 3.86%, Tata Steel plummeted 3.69%, and Reliance Industries slipped 2.28%.