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Sensex ends in red, down by 51.47 pts

Posted on Nov 13, 09:44PM | UNI

The 30 scrip Index of the Bombay Stock Exchange (BSE) today ended in red, declining by 51.47 points to settle at 18,618.87 at a special Muhurat trading on the first day of new Samvat Year 2069.

The special Muhurat trading started at 1545 hrs and ended at 1700 hrs.

'Muhurat Trading' is a centuries old tradition. The day holds significance as it marks the beginning of the New Year, as per Hindu calendar, or Samwat 2069.

The Nifty of the National Stock Exchange (NSE) also fell by 16.75 poins at 5666.95.

The Nifty registered the day's high and low at 5,698.25 and 5,660.35 respectively.

High volatility was witnessed in 75 minutes trading, as the Sensex rose by 58 points in the opening trade. It registered the day's high at 18,732.71, advancing by 62.32 points.

Later, it went in red and closed at 18,618.87 points, down by 51.47 points from its last close.

Selling in IT, Realty, Banking, Consumer Durable and Auto stocks dragged the market, Oil and Gas, Metal, Power and PSU stocks improved and capped it from further loss, brokers said.

Investors were also concerned over growth in Asia's third biggest economy after the government yesterday announced a disappointing set of IIP numbers for the month of September which led to selling pressure in index heavyweights.

After showing 2.5 pc growth in August, industrial output declined by 0.4 pc in September as manufacturing activity showed a decline.

The losers were HDFC by 1.33 pc to Rs 781.80, Tata Motors by 1.18 pc to Rs 277.40, Infosys by 0.91 pc to Rs 2339, TCS by 0.69 pc to Rs 1325 and Bajaj Auto by 0.60 pc to Rs 1844.

The gainers were Bharati Airtel by 1.14 pc to Rs 283, ONGC by 0.57 pc to Rs 256.70, Tata Steel by 0.56 pc to Rs 386 and Maruti Suzuki by 0.51 pc to Rs 1460.95.

Markets rose 8.1 pc in Samvat 2068, a relatively huge improvement over the 17.9 per cent plunge in Samvat 2067.

The overall breadth was positive as 1,309 stocks advanced while 515 declined.

Global markets also remained weak today as investor sentiment was weighed down by concerns over U.S. fiscal woes and amid uncertainty over Greece's bailout.

MSCI's broadest index of Asia-Pacific shares outside Japan was down by 1 pc. Japan's Nikkei stock fell by 0.18 pc. China's Shanghai Composite, South Korea's Kospi while Singapore's Straits Times fell in the range of 0.1-1.5 pc each.