SENSEX PLUNGES 265 POINTS ON WEAK GLOBAL CUES
Date: 09/04/2012
Indian
benchmark indices, the Sensex and Nifty, ended the session sharply down by over 1.5 per cent today due to weak
global cues.
Global
markets were down on disappointing US payroll data and China's inflation
numbers.
At
3.30 p.m., the 30-share BSE index Sensex was down 264.88 points or 1.51 per cent at 17,221.14 and the
50-share NSE index Nifty was down 90.15 points or 1.69 per cent at 5,232.75.
Volume
toppers during the session were SBI, Sun Pharma, RIL, L&T and Tata Steel. Among the 30-share
Sensex, DLF, HUL, Bajaj Auto, Cipla and Bharti Airtel were the major gainers.
Hindalco, Sterlite, BHEL, Tata Steel Steel and Jindal Steel were the major
laggards.
Except
healthcare and realty, all the sectoral indices ended in the red with metals, capital goods,
power and PSU stocks being among the worst-hit.
Asian
and European stocks were down as a weaker-than-expected US jobs report cast
doubt on the strength of the recovery in the world’s biggest economy.
Also,
China's inflation data
dampened the market sentiment. China’s inflation rebounded to 3.6 per cent in March after logging a lower growth in February, triggering concerns
over the country’s ability to contain the rate of price rise.
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