Sensex loses 174 points; banking stocks dip
A benchmark index of Indian equities markets Friday was trading 174.54 points or 0.67 percent down as banking stocks plunged.
All the sectors were trading in red. Big selling pressure was seen in banking, capital goods and auto sectors.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,753.92 points, was trading at 25,720.43 points (at 09.27 a.m.) in the early session, down 174.54 points or 0.67 percent from the previous day's close at 25,894.97 points.
The Sensex touched a high of 25,757.83 points and a low of 25,679.46 points in the trade so far.
The S&P BSE bankex went down by 147.94 points, capital goods index dropped by 146.60 points and auto index slid by 100.72 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 52.65 points or 0.68 percent down at 7,668.65 points.
(Posted on 01-08-2014)