Sensex slips below 17,000

A benchmark index for Indian equities on Monday gave up its modest early gains and fell below the 17,000-mark in noon trade. The 30-scrip sensitive index (Sensex) of the BSE opened at 17,176.05 points and was ruling at 16,973.47 points, down 109.22 points or 0.64 per cent from its previous close at 17,082.69 points.

The Sensex had soared over 5 per cent in last week. The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading lower, 0.75 per cent or 38.35 points down at 5,093.95 points. Broader markets too saw some selling with the BSE 500 index ruling 0.5 per cent lower.

The BSE midcap index was ruling flat while the BSE smallcap was up 0.29 per cent. The market breadth at the BSE was mixed with 1,203 stocks on the advance, 1,191 declining and 107 unchanged. Some of the other top gainers on the Sensex at this time were Maruti Suzuki, Tata Motors, SBI and ONGC, while among losers were RIL, NTPC, L&T and Bharti Airtel. Asian markets rose on Monday with investors reacting positively to reports of US retail sales — a key indicator of consumer spending — registering its strongest growth in 7 months.

Also the G20 allowing the International Monetary Fund to play a greater role in containing the Euro zone debt crisis boosted sentiments. The Japanese Nikkei Monday closed 1.5 percent hgiher at 8,879.6 points, while Hong Kong's Hang Seng was trading 1.26 per cent up at 18,734.68 points. The Chinese Shanghai composite index was ruling flat at 2,430.32 points.

Post new comment

<form action="/comment/reply/102213" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: &lt;a&gt; &lt;em&gt; &lt;strong&gt; &lt;cite&gt; &lt;code&gt; &lt;ul&gt; &lt;ol&gt; &lt;li&gt; &lt;dl&gt; &lt;dt&gt; &lt;dd&gt;</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-9cd699f9df70a0306890bfb2c9494c2e" value="form-9cd699f9df70a0306890bfb2c9494c2e" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="86320366" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>

No Articles Found

No Articles Found

No Articles Found

I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.