Monday, July 15, 2013

Sensex down 54 points in morning trade on weak IIP

Mumbai: 15 Jul 2013

The BSE benchmark Sensex on Monday fell by 54 points in morning trade due to profit-booking after two sessions of gains amid disappointing Index of Industrial Production (IIP) and retail inflation data.

The 30-share barometer fell by 54.00 points, or 0.27 percent, to 19,904.47, led by losses in stocks of capital goods, realty and power sectors. The index had gained nearly 665 points in the previous two sessions.

Similarly, the wide-based National Stock Exchange index Nifty shed 22.85 points, or 0.38 percent, to 5,986.15.

Brokers said besides profit-booking by speculators after recent gains, disappointing industrial production for May and retail inflation data for June, which were announced after trading hours on Friday, mainly dampened the trading sentiments.

In the Asian region, Hong Kong\'s Hang Seng index gained 0.46 percent in morning trade on Monday, while Japanese markets are closed for public holiday.
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