Sensex drops 68 points

August 07, 2013 10:18 am | Updated 10:39 pm IST - Special Correspondent

Bombay Stock Exchange in Mumbai. File Photo

Bombay Stock Exchange in Mumbai. File Photo

Stock indices continued their downward spiral on the bourses on Wednesday while the rupee remained weak against the dollar throughout the trading session.

The S&P BSE Sensex closed at 18664.88, down by 68.16 points. However, some sectoral indices gained smartly. Realty stocks gained 5.04 per cent followed by metal (3.31 per cent), power (2.82 per cent), oil & gas (2.76 per cent), PSUs (2.40 per cent), consumer durables (1.04 per cent) and banks (0.51 per cent). Other sectoral indices which ended in the red included information technology stocks (1.60 per cent), automobiles (1.46 per cent), fast moving consumer goods (FMCG) (1.37 per cent) and technology (1.16 per cent).

On the National Stock Exchange (NSE), the 50-share Nifty closed at 5519.10 with a loss of 23.15 points. However, stocks of Financial Technologies (India) Ltd (FTIL) closed up 5.62 per cent at Rs.168.10 on the BSE after the National Spot Exchange Ltd. (NSEL) disclosed stock positions as on July 31, 2013. NSEL is the wholly-owned subsidiary of FTIL.

Asian stocks

Asian stock markets closed mostly lower, with the exception of Singapore’s Straits Times index. Japan’s Nikkei 225 index dropped 4 per cent after overnight losses in the U.S. on monetary-policy concerns, along with gains for the yen.

European stocks were lower in early trade, with the CAC, DAX and FTSE all down.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.