Thursday, December 11, 2014

Sensex plunges 185 points on weak global cues

Crude oil futures rebound: Crude oil futures recovered by 0.65 per cent to Rs. 3,876 per barrel today as speculators created positions on the back of rebound in the Asian region.

At the Multi Commodity Exchange, crude oil prices for delivery in January traded higher by Rs. 25, or 0.65 per cent, to Rs. 3,876 per barrel, with a business turnover of 266 lots.
Similarly, crude oil prices for December delivery were also up by Rs. 18, or 0.58 per cent, to Rs. 3,836 per barrel with a business volume of 2,359 lots.

Indian markets at pre-noon session: The Sensex and the Nifty plunged nearly 0.9 per cent at the pre-noon session on Thursday due to weak global cues.
At 11.25 a.m., the 30-share BSE index Sensex was trading down by 251.87 points at 27,579.23 and the 50-share NSE index Nifty was trading lower by 77.25 points at 8,283.40.

Sectoral indices: All BSE sectoral indices were trading significantly in the red with realty, oil & gas, banking and capital goods leading the downtrend. Among them, realty index was down 1.95 per cent, followed by oil & gas 1.63 per cent, banking 1.33 per cent and capital goods 1.31 per cent.

Gainers, losers: GAIL (2.82%), ICICI Bank (2.31%), SSLT (1.93%), L&T (1.9%) and Axis Bank (1.85%) were the major Sensex losers, while the top five gainers were BHEL (1.48%), M&M (0.78%), Bajaj Auto (0.31%), TCS (0.18%) and HUL (0.13%).

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