Money on the markets
A maturing market amid the mayhem
Sensex choppy on mixed bag of results
Email 
Print
The BSE Sensex closed 0.74 percent lower on Wednesday as weak Asian markets dampened sentiments and investors booked profits for a third session.
The benchmark erased early gains and closed 80.57 points down at 10,817.54, while the Nifty ended 1.04 percent down at 3330.3.
The fall in the Sensex was led by L&T, ONGC, BHEL and SBI.
On the sectoral front, the BSE Realty Index lost nearly 4.6 percent. This was followed by the BSE Consumer Durable Index which was down 3.9 percent. However, the BSE FMCG Index bucked the trend and gained 0.18 percent.
Cement maker ACC posted better-than-expected 23 percent rise in quarterly profit on strong sales volumes. The stock ended 5.2 pct higher at 645.75 rupees.
Outsourcer Wipro beat expectations with a 4 percent rise in profit, although it forecast a fall in June quarter revenue. Shares in Wipro ended 2.7 percent higher at 281.65 rupees.
Globally, there was an air of caution amongst investors despite U.S. Treasury Secretary Geithner saying most U.S. banks had adequate capital to keep lending.
Do you think the mixed bag of results from India Inc will weigh on investor sentiments and push the market further down?
Post Your Comment
-
Author Profile
-
- Tata Steel surges; Q4 operating profit beats f'cast
- Asian stocks shaky, Nikkei still seen vulnerable
- Wockhardt slumps for second day on U.S. FDA import alert
- Rupee marginally up; positive stock cues
- Foreign investors still buy stocks, but pace slows
- Nava Bharat Ventures may restructure Odisha unit
- P&G brings back A.G. Lafley as CEO, McDonald out
- Google faces new federal antitrust probe - source
- Analysis: Markets face rough summer ride as Fed pullback feared
- Nikkei regains ground after Thursday's 7.3 percent slide
