The BSE Sensex started off the trade with 100 points gap down on last day of the truncated week, tracking weak global cues. No hope for any quantitative easing three in the near term for US, weak US economic data, and Spanish deficit concerns & unemployment data dampened sentiment globally. Asian markets were down too. Nikkei tanked 1.4% and Kospi lost 1% while Straits Times fell 0.4%.
The BSE benchmark was down 78 points to 17,519.25 on the back of profit booking as it had rallied more than 500 points in previous three days. Meanwhile, the NSE benchmark slipped 29 points to 5,329.70.
Frontliners like Sesa Goa, JSPL, Sterlite Industries, State Bank of India, HDFC Bank, PNB, Axis Bank, GAIL India, JP Associates, Larsen & Toubro and Reliance Communications were down 0.5-2%.
State-owned capital goods major Bharat Heavy Electricals fell 0.3%.
The BSE benchmark was down 78 points to 17,519.25 on the back of profit booking as it had rallied more than 500 points in previous three days. Meanwhile, the NSE benchmark slipped 29 points to 5,329.70.
Frontliners like Sesa Goa, JSPL, Sterlite Industries, State Bank of India, HDFC Bank, PNB, Axis Bank, GAIL India, JP Associates, Larsen & Toubro and Reliance Communications were down 0.5-2%.
State-owned capital goods major Bharat Heavy Electricals fell 0.3%.
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