Sensex down 170 points, interest sensitive stocks hit

Mumbai, June 2 (IANS) Investor anxiety — over whether the apex bank would cut key lending rates led a barometer index of the Indian equities markets to trade deep in the red during the pre-noon session on Tuesday.

The benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading 170 points or 0.61 percent down.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the negative zone. It was lower by 54.25 points or 0.64 percent at 8,379.15 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 27,7890.73 points, was trading at 27,678.80 points (at 10.45 a.m.), down 170.19 points or 0.61 percent from the previous day’s close at 27,848.99 points.

The Sensex has touched a high of 27,902.53 points and a low of 27,629.23 points in the intra-day trade so far.

All the 12 sector-based indices of the BSE were down. Heavy selling was observed in interest sensitive stocks like banking, automobile, fast moving consumer goods (FMCG), metals and capital goods.

The S&P BSE bank index receded by 100.11 points, automobile index fell by 90.88 points, FMCG index was lower by 85.79 points, metals index dwindled by 85.33 points and capital goods index was down by 50 points.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here