Sensex Sheds 188 Pts; Nifty Down By 56 Pts

Sensex Sheds 188 Pts; Nifty Down By 56 PtsIndian stock markets, on Monday, remained stressed after dissatisfactory February IIP numbers.

The declining trend was headed by the scrips from real estate, automobiles and consumer durables.

The Mid-Cap and the Small-Cap scrips also remained under pressure.

At last, the BSE Sensex, which belled the day at 19,382, closed the first day of the week at 19,262 after shedding 188 points. It hit an intraday high of 19,426 and an intraday low of 19,242.

In contrast, the broad-based Nifty declined 56 points to mark its closure at 5,785.

Today (April 12, 2011), the BSE and NSE will remain shut because of Ram Navami.

On Thursday (April 14) again, Indian stock markets will remain closed due to Dr. Babasaheb Ambedkar Jayanti.

Among the sectoral indices, the BSE real estate index lost the most. The index shed 2.4% accompanied by BSE Consumer Durables index, which shed 2.5%, BSE Auto index dipped 2.2%.

The BSE Mid-Cap index and BSE Small-Cap index remained down by 0.7% each.

The top leaders in the Sensex and the Nifty were Sun Pharma, Sesa Goa, Cipla, ITC, Infosys, reliance Capital, PNB and MTPC.

The top losers in the Sensex and the Nifty comprised Siemens, Wipro, DLF, Jindal Steel, Axis Bank, HDFC, Tata Motors, M&M, JP Associate, ACC, RCOM, Bajaj Auto, GAIL, RIL, ONGC, TCS, HUL, Ranbaxy, Maruti Suzuki, RPower, Dr. Reddy's and IDFC.