Home ECONOMY Sensex falls 104 points; automobile stocks hit

Sensex falls 104 points; automobile stocks hit


Mumbai, April 11 :

A benchmark index of the Indian stock markets closed Friday’s trade down 104.54 points or 0.45 percent on profit-booking. Automobile, capital goods and oil and gas stocks fell.

Markets were bearish a day after the 30-scrip sensitive index S&P Sensex of the Bombay Stock Exchange (BSE) touched a new record high of 22,792.49 points.Mumbai-Stock-Exchange

In Friday’s trade, S&P Sensex, which opened in the red at 22,642.05 points, ended the day’s trade at 22,610.79 points (provisional), down 104.54 points or 0.45 percent from its previous day close at 22,715.33 points.

The Sensex hit an intra-day high of 22,679.18 points and a low of 22,526.89 points.

Automobile, capital goods, oil and gas, and bank stocks came under selling pressure. However, information technology (IT), healthcare and technology, entertainment and media (TECK) scrips rallied.

The automobile index of the BSE tanked 174.69 points, capital goods index was down 153.34 points, oil and gas index slipped by 152.40 points, and bank index fell 119.18 points.

The wider 50 scrip S&P Nifty of the National Stock Exchange (NSE) too ended in negative territory. It closed 20.10 points or 0.30 percent down at 6,776.30 points.