Sensex Down 126.02 Pts; TCS, HUL Surge

Sensex Down 126.02 Pts; TCS, HUL SurgeDespite easing inflationary figures, the Sensex continued to move in a sluggish manner.

Metal, realty and consumer goods traded weak, whereas IT, auto and FMCG stocks went up.

BSE Midcap and Smallcap index declined 2.73% and 3.05% respectively.

Among the sectoral indices, BSE Metal declined 6.88%, BSE Realty fell 5.17%, BSE Consumer goods lost more than 4%. But, BSE IT zoomed 2.60%, Auto and FMCG gained more than 1% each.

The 30-share index, BSE Sensex, today (Jan 09), opened on a lower note at 9,434.85, down 152.03 points.

At 02.55 p.m., Sensex, which has regained 200 points from the day’s low, stood at 9,460.86, down 126.02 points. It also touched a high of 9,630.40 and a low of 9,250.82.

Meanwhile the broad based Nifty lost 40.40 points at 2,880.00. It hit a high of 2,929.85 and a low of 2,810.25.

The overall market breadth was negative. Out of the total 2,450 stocks traded at BSE, 513 advanced, 1,868 declined while 69 remained unchanged.

The major gainers in the 30-share index were Tata Consultancy Services (7.41%), Hindustan Unilever (4.28%), Infosys Technologies (4.02%), Maruti Suzuki India (3.91%), Wipro (3.25%), and Mahindra & Mahindra (2.94%).

On the other hand, Satyam Computer Services (44.31%), Sterlite Industries (India) (9.59%), Reliance Communications (7.80%), Ranbaxy Laboratories (7.79%), Reliance Energy (7.75%), and Tata Steel (7.51%) were the major losers in the Sensex.

For the week ended December 27, India’s benchmark wholesale price index (WPI), inflation declined further to 5.91% as against 6.38% a week ago on account of cheaper food and manufactured items.

The inflation, during the same period of the last year was at 3.83%.

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