The BSE benchmark
Sensex on Wednesday fell 101 points at 18,394.29 on emergence of across the board selling in blue-chips led by
Reliance Industries (RIL) as investors booked profits amid a weakening global trend.
The Bombay Stock Exchange index, Sensex, which had gained 120 points in last two sessions, fell by 101.33 points to 18,394.29 after moving in a range of 18,505.10 and 18,365.94 points during intra-day trading.
Broad-based National Stock Exchange index Nifty closed 29.30 points down at 5,526.85 in a sluggish trade. It had moved between 5,556.60 and 5,514.90 during the session.
Trading sentiment turned bearish after a fall in Asian stock markets and a lower opening in Europe. Global indices fell to their lowest in two weeks after Federal Reserve Chairman Ben Bernanke said the economic recovery in the US was "frustratingly slow".
RIL, the top ranking stock on the Sensex, fell by Rs 8.85 to Rs 947.35 on report it may not be able to boost gas output.
IT bellwether Infosys Technologies lost Rs 20.55 to Rs 2,872.20 on fears that a slow recovery in global economy would trim demand. Over 50 per cent of the software revenue comes from the US and the European markets.
Auto major Hero Honda suffered a loss of Rs 66 to Rs 1,768.25 a piece, while Maruti Suzuki fell by Rs 14.65 to Rs 1,226.05 on worries that the strike at its Manesar plant can hamper company output.
Among lenders, State Bank of India fell by Rs 23.35 to Rs 2,293.25, ICICI Bank by Rs 6.45 to Rs 1,049.35 and HDFC Bank by Rs 24.60 to Rs 2,355.20.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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