MUMBAI: In volatile trading, the Sensex
erased gains on
Thursday morning and ended
40 points lower at
17,560.87 on the sale of Bharti Airtel, SBI
and HDFC through
disappointing industrial production data
for June.
The benchmark BSE, which had gained 102 points at first, began to cut earnings reports that industrial production in June fell 1.8 percent, the third decline in four months.
The 30-social Sensex was dragged by losses in Bharti Airtel, which shed 6.40 percent today, after losing 6.60 percent yesterday quarterly profit decline.
SBI and loss in the range of 3.6 to 4.3 percent but extended HDFC mood more pronounced. Sensex settled at 17,560.87, down 39.69 points against the previous day's close.
The benchmark BSE, which had gained 102 points at first, began to cut earnings reports that industrial production in June fell 1.8 percent, the third decline in four months.
The 30-social Sensex was dragged by losses in Bharti Airtel, which shed 6.40 percent today, after losing 6.60 percent yesterday quarterly profit decline.
SBI and loss in the range of 3.6 to 4.3 percent but extended HDFC mood more pronounced. Sensex settled at 17,560.87, down 39.69 points against the previous day's close.
"Industrial
production fell 1.8 percent in
June ... considerably weaker than
market expectations of a gain of 0.4 percent,"
said Barclays.
Shares of the refinery, banking and sectors of consumer durables, while closed lower consumer goods, metal and car purchase.Brokers said investors remained concerned about lower-than-expected quarterly earnings of blue chips.
"International markets remained inactive with most trading markets of the European flat," said Milan Bavishi, Research head, Inventure Growth and Securities.
The extensive index of National Stock Exchange Nifty fell 15.05 points, or 0.28 percent, to 5,322.95. He shuttled between 5,368.20 and 5,312.10 during the day range.
Shares of the refinery, banking and sectors of consumer durables, while closed lower consumer goods, metal and car purchase.Brokers said investors remained concerned about lower-than-expected quarterly earnings of blue chips.
"International markets remained inactive with most trading markets of the European flat," said Milan Bavishi, Research head, Inventure Growth and Securities.
The extensive index of National Stock Exchange Nifty fell 15.05 points, or 0.28 percent, to 5,322.95. He shuttled between 5,368.20 and 5,312.10 during the day range.
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