BSE Sensex falls 68 pts, first drop in three days as HDFC Bank, Sun Pharmaceuticals share prices drop
- The Rahul Gandhi interview: 'PM candidates are unconstitutional, I won't step back if MPs ask me to be PM'
- Maoists target teachers, ambulance
- World doesn't trust Modi, says Congress citing British newspaper
- Day after EC crackdown, Azam Khan booked for Kargil remarks
- The Narendra Modi interview: 'Cong's problem is that it can't see a chaiwallah challenging them'
Falling for the first time in three days, the BSE Sensex slipped over 68 points today in choppy trade as investors started unwinding their pending positions before the settlement in monthly equity derivatives.
However, smallcap and midcap stocks outshone bluechips.
The BSE Sensex, which had gained 392.41 in past two days, started on a positive note tracking overnight gains in US markets but fell by 68.32 points, or 0.32 per cent, to end at 21,032.71 dragged down by HDFC Bank, HDFC and Sun Pharmaceuticals Industries.
Sesa Sterlite fell over 2 per cent after CBI registered a preliminary enquiry against Vedanta Group chief Anil Agarwal in connection with alleged irregularities in Hindustan Zinc disinvestment.
Tata Power Company slid 3.2 per cent, the worst fall in Sensex stocks. However, gains in Infosys, Bajaj Auto and Bharat Heavy Electricals Ltd (BHEL) cushioned the Sensex fall to some extent, traders said.
The NSE Nifty slid 16.10 points, or 0.26 per cent, to end at 6,248.40 hurt by losses in metal and banking scrips. SX40 index of MCX-SX fell 49.05 points to 12,510.16.
"The rally in the US markets which are breaching 6-year high levels did not culminate fully into the Indian markets. The session on Thursday, the last for December series and for the calendar year may turn out to be volatile as we head for the Q3 results season," said Vishal Jajoo, Senior Research Analyst (PCG), Nirmal Bang Securities.
Rupee was last trading at 61.87/88 levels versus US dollar when domestic equity markets closed for the day.
Yesterday, key US indices -- Dow Jones Industrial Average and S&P 500 -- carried on their record run in the holiday shortened week as incoming economic data reinforced perception that economic recovery will accelerate in the year ahead.
- Part of Azad Maidan to be briefly closed next year for Metro work
- Telephone operator deposes before Juvenile Justice Board in her ‘last court visit’ in case
- Weapons in check-in baggage
- Hailstorm-hit farmers an angry lot in Osmanabad, NCP pins hopes on rebels in Sena-BJP camp
- ‘It is for the people of India to decide who should be their next PM, and we will willingly engage with the government’
- Life of Pie