Print   Close

MARKET UPDATE: Sensex extends loss, Eicher Motors falls over 5%

BT Online Bureau     June 4, 2015

The key benchmark indices extended their losses for the third day on Thursday, with the BSE Sensex and NSE Nifty dipping marginally by 23.78 points and 4.45 points to 26,813.43 and 8,130.65, respectively.

Overall market breadth remained weak on the BSE as 1,274 stocks ended with gains while 1,380 closed with losses. Advances to decline ratio for Nifty remained at 24:26.

Among the day's major market moving events, the India rupee dipped to its 20-month low and breached the 64-level against the US dollar, under pressure since the Reserve Bank of India presented its policy review on Tuesday. The currency was seen going up to 64.5450 levels on NSE futures.

Nestle India, too, continued to feel the fury of investors as shares of the company corrected further by 2.91 per cent towards the day's end after dropping nearly 6 per cent intra-day.

In a major market move, shares of Eicher Motors fell 5.6 4 per cent after the news of Volvo selling its 3.7 per cent stake in the company and thus exiting its almost 7-year old investment in the company.

Among the Sensex stocks, Reliance Industries, Wipro, HDFC, HDFC Bank and Axis Bank were the top performers with gains of 1.85 per cent, 1.75 per cent, 1.18 per cent, 1.05 per cent and 0.95 per cent, respectively. However, Tata Steel, ONGC, Vedanta, ICICI Bank and Bajaj Auto declined by 2.58 per cent, 2.16 per cent, 1.89 per cent, 1.74 per cent and 1.37 per cent, respectively, and stood at the bottom of the performance chart.

Hiren Dhakan, associate fund manager, Bonanza Portfolio, says: "Value buying in the second half at 8,050 levels for Nifty took the index once again above 8,125 levels."

The 30-share Sensex opened the day at 17,501.25 and touched a low of 16,905 and high of 17,789.45. The 50-share Nifty opened the day at 8155.15 and touched a high and low of 8,160.05 and 8,056.75, respectively.

Among the BSE sectoral indices, BSE Metal index tanked the most 1.11 per cent to 9293.52. It was followed by BSE Healthcare index (down 0.77 per cent to 15,805.15), BSE Consumer Durables index (down 0.75 per cent to 10,223.94) and BSE Auto index (down 0.70 per cent to Rs 18,207.68).

However, BSE Realty and BSE Capital Goods index jumped 0.82 per cent and 0.59 per cent to 1,430.88 and 16,676.38, respectively.

Among Asian peers, Nikkei 225 and Shanghai were up by 0.07 per cent and 0.75 per cent, respectively, while Hang Seng was down by 0.38 per cent on Thursday.

 


URL for this article :
https://www.businesstoday.in/markets/stocks/sensex-nifty-market-today-bse-nse-june-4-2015/story/220140.html
 
@ Copyright 2019 India Today Group.