Wednesday, September 28, 2011

Sensex down 34 points

Mumbai, September 28, 2011(Tehelkanews)

The Bombay Stock Exchange benchmark Sensex was down by 34 points in late morning trade today on mild selling by operators on concerns about Q2 earnings from corporates amid the uncertain global economic environment.



The 30-share BSE index declined to an early low of 16,466.49 before quoting at 16,489.66 at 1015 hours, showing a net loss of 34.37 points, or 0.21 per cent, from its last close.



The National Stock Exchange's 50-share Nifty index also eased by 6.85 points, or 0.14 per cent, to 4,964.40 at 1015 hours.



The market may remain volatile in the near future as traders roll over positions in the futures & options (F&O) segment from the near-month September, 2011, series to the October, 2011, series. The September, 2011, derivatives contracts will expire tomorrow.



The major losers in early trade today were Sterlite Industries (down 2.54 per cent), Jaiprakash Associates (1.84 per cent), Hindalco Industries (1.82 per cent), Bajaj Auto (1.57 per cent), Hero Moto Corp (1.54 per cent) and M&M (1.45 per cent).



However, stocks of Infosys rose by 2.58 per cent in early trade, as did Wipro (up 1.98 per cent), Tata Motors (1.67 per cent), TCS (1.18 per cent) and Reliance Industries (0.90 per cent).



Most Asian stocks advanced in early trade. The key benchmark indices in Indonesia, Japan, China, Taiwan and South Korea were up by between 0.18 per cent and 1.28 per cent, while the indices in Singapore and Hong Kong were down by 0.61 per cent and 0.83 per cent, respectively.


News From: http://www.7StarNews.com

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