Sensex slips 120 pts on global weakness at close: Sify, India

NSE 5698.15 33.55
BSE 19127.73 119.81

As weak global markets dampened the sentiment, the bulls stayed away from the ring right through the session, and, notwithstanding a smart rally staged by a few of their components, the benchmark indices Sensex and Nifty ended in the red today.

While the Sensex, which opened with a negative gap of around 120 points at 19,128.86 and slipped to a low of 19,019.33 in intra-day trades, ended the day with a loss of 119.81 points or 0.62% at 19,127.73, the Nifty closed with a loss of 33.55 points or 0.59% at 5698.15. In intra-day trades today, the Nifty touched a low of 5655.60.

Select auto, realty and information technology stocks had a nice ride up the charts. Capital goods stocks bounced back from their lower levels and regained lost ground in late afternoon trade. Oil, FMCG and healthcare stocks too found support during the closing minutes. Bank and metal stocks had a somewhat sluggish outing. Though a few of them posted smart gains, due to the sharp decline in values of some key stocks in these sectors, the Bankex and Metal indices went down by 0.9% and 1.03% respectively.

Bharti Airtel, which eased by 3.3%, was the biggest loser in the Sensex pack. ICICI Bank ended with a sharp loss of 2.15% despite rallying to Rs 1132.40 from a low of Rs 1119. Reliance Energy, Maruti Suzuki, NTPC, Hindalco and ACC lost 1.5% - 2%. Reliance Industries closed with a loss of 1.4% at Rs 2842. ONGC lost nearly a per cent. Ranbaxy Laboratories, ITC, HDFC Bank, Mahindra & Mahindra and Reliance Communications also ended with sharp losses. HDFC lost around a quarter per cent. Tata Steel, Larsen & Toubro and Infosys Technologies finished with small losses.

BHEL notched up a sharp gain of 2.6%. Bajaj Auto rallied 2.55% to Rs 2653.05. State Bank of India (1.4%), Tata Consultancy Services (1.2%) and Wipro (1.15%) also closed with smart gains.
Tata Motors ended 0.9% up at Rs 716.55. DLF shrugged off a weak start and posted a gain of 0.7%. Ambuja Cements, Grasim Industries and Satyam Computer Services also ended on the positive side, albeit with less pronounced gains. Hindustan Unilever and Cipla ended with slender gains.

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