Sensex ends 97 points down; banks, metals fall
27 Dec 2011
The Sensex retreated on Tuesday led by profit booking in the second half of trade, pulled down by banks, technology and metals stocks. Index heavyweights Reliance and BHEL too added pressure on the market. The Sensex was down 96.80 points, to close at 15,873.95 and the Nifty fell 28.50 points to 4,750.50.
Sudarshan Sukhani of s2analytics.com sees support for the Nifty at around 4690 till the expiry on Thursday.
Index heavyweights Reliance Industries, TCS, SBI and BHEL were down 1% each; Infosys and ICICI Bank dropped 0.4% each.
Shares Tata Motors, Tata Steel, Coal India, Cipla, NTPC, DLF and JP Associates were biggest losers, falling 2-2.7%.
Among others, HUL and HDFC Bank declined 0.67% each.
However, Tata Power and Bajaj Auto outperformed other largecaps, gaining 1-2%. ITC, ONGC and L&T moved up just 0.3-0.5%.
On the global front, Asian markets too closed lower; Shanghai fell to three-year low amid thin trade - ended down 1%. Nikkei was down 0.5% and Kospi lost 0.8%.
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