Sensex tumbles on ‘Expiry of June F&O Contract’
The domestic market extended its losses on Thursday to close in negative territory ahead of the expiry of June 2009 F&O contract, which was due on 25th June.
The BSE Sensex closed lower by 77.11 points at 14,345.62 and NSE Nifty ended down by 51.10 points at 4,241.85. The BSE Sensex touched intraday high of 14,578.46 and intraday low of 14,261.14.
Further, BSE Mid and Small Caps Indices also settled the day with loss of 9.94 and 26.01 points at 5,049.90 and 5,693.02 respectively.
The BSE-benchmarked-Sensex opened today on positive note on the back of strong sentiments across other Asian markets. The market remained range-bound till mid afternoon session, but it slipped sharply lower during final trading hours on forecast of a below normal monsoon rains and selling by foreign funds.
On sectoral front, most of the selling emerged in Auto, Oil & Gas, PSU, Consumer Durables, Power, FMCG and Metal stocks. While, Realty, Bank and Capital Goods stocks witnessed most of buying from these baskets.
Losers from the BSE Sensex pack were Tata Motors (5.43%), Sun Pharma (3.47%), Maruti Suzuki (3.10%), M&M Ltd (2.94%), BHEL (2.73%), ONGC Ltd (2.45%), Ranbaxy Lab (2.36%), ITC Ltd (2.29%), Tata Steel (2.12%), NTPC Ltd (2.11%) and Reliance (2.03%).
Gainers from the BSE Sensex pack were HDFC (2.98%), JP Associates (2.04%), Tata Power (1.85%), ACC Ltd (1.73%), ICICI Bank (1.36%), Grasim Industries (1.27%), L&T Ltd (1.25%), Hindalco (1.07%) and Sterlite Industries (0.94%).