Absence of big-bang announcements, including 4G launch-related, at Reliance Industries' (RIL)
annual general meeting (AGM) and the rupee plunging to 57-level cast a shadow on stock market on Thursday with the BSE Sensex closing at its 5-week low.
The 30-share index
resumed almost stable but moved down to a low of 19,395.32, a loss of about 173 points. However, it later recovered to touch a high of 19,635.37 but finally closed at 19,519.49, a loss of 48.73 points or 0.25 per cent.
The 50-share CNX Nifty of the NSE eased by 2.45 points, or 0.04 per cent, to 5,921.40. Also, MCX-SX flagship index, SX40, ended down by 19.52 points at 11,596.32.
Banks, realty and capital goods stocks saw some buying.
After gaining nearly 3 per cent on Wednesday, Sensex heavyweight RIL dipped by 1.03 per cent. While it announced an investment of Rs 1.5 lakh crore in core business of petrochemicals and oil & gas as well as in
retail and telecom sectors in the next 3 years, investors booked profits.
Besides RIL, fall in other key stocks like Infosys, HDFC Bank, Bharti and Sun Pharma weighed on the market sentiment.
Brokers said besides concerns of capital outflow as
rupee touched 57-level against the dollar intraday on Thursday, a down-trend trend in the Asian region and lower opening in European market hurt the trading sentiment on Dalal Street.
Asian stocks closed lower on steep fall on Wall Street on Wednesday after US jobs and factory data missed estimates and investors speculated whether the Federal Reserve will scale back bond purchases. Key benchmark indices in Hong Kong, China, Japan, Singapore and Taiwan shed up to 1.54 per cent.
With inputs from PTI
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