Sensex Closed 54.11 down at 20019.55
SHANGHAI (Dow Jones)--China's shares ended lower for the fourth consecutive session Monday, led by heavyweight banks due to concerns the interest rate increase over the weekend and possible further tightening measures could significantly slow lending growth and hurt the real economy.
The benchmark Shanghai Composite Index, which tracks both A and B shares, ended down 1.9% at 2781.40, reversing short-lived gains earlier in the day amid hopes the interest rate hike had removed a source of policy uncertainty that had weighed.
The Sensex is trading marginally down amid volatility. At 3.03 p.m., the Sensex was trading down 4.05 points or 0.02% at 20,069.61 with 16 components falling. Meanwhile, the Nifty was trading lower by 3.55 points or 0.06% at 6,008.05 with 30 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 11.06 points or 0.06% at 20,062.60, while the broad based NSE Nifty began flat with a gain of 1.70 points or 0.03%, at 6,013.30
Sensex Movers
Sterlite Industries (India) contributed fall of 10.85 points in the Sensex. It was followed by Bharti Airtel (9.77 points), Tata Steel (7.18 points), Reliance Industries (6.22 points) and Reliance Communications (4.07 points).
However, I C I C I Bank contributed rise of 8.72 points in the Sensex. It was followed by Infosys Technologies (6.47 points), Oil & Natural Gas Corporation (4.52 points), Bharat Heavy Electricals (3.28 points) and Sun Pharmaceutical Industries (2.61 points).
Biggest gainers in the 30-share index
Cipla (0.92%),
Tata Power Company (0.83%),
Bharat Heavy Electricals (0.67%),
Bajaj Auto (0.66%),
Oil & Natural Gas Corporation (0.65%),
Wipro (0.63%).
Biggest losers in the Sensex
Reliance Communications (3.17%),
Sterlite Industries (India) (2.79%),
Reliance Energy (1.85%),
Bharti Airtel (1.68%),
Tata Steel (1.34%),
Hindalco Industries (0.81%)
The Midcap index dipped 0.11% and Smallcap index rose 0.27%.
Market Breadth
Market breadth was negative with 1,469 advances against 1,404 declines.
Value and Volume Toppers
B F Utilities topped the value chart on the BSE with a turnover of Rs. 3,539.68 million. It was followed by Ravi Kumar Distilleries (Rs. 3,128.76 million), Jindal Photo (Rs. 630.33 million) and State Bank Of India (Rs. 591.17 million).
The volume chart was led by Ravi Kumar Distilleries with trades of over 38.32 million shares. It was followed by Cals Refineries (25.83 million), Sanraa Media (9.48 million) and Ispat Industries (5.99 million).
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