Sensex breaches 17100, capital goods, power fall
Friday, 22 January 2010
MUMBAI, Jan 21 (Economic Times): Equities were witnessing across the board selling activity as investors booked profits following bearish sentiments in Asian markets. Larsen & Toubro and BHEL were down post reporting third quarter results.
At 2:28 pm, Bombay Stock Exchange's Sensex was at 17084.90, down 389.59 points or 2.23 per cent. The 30-share index hit a low of 17041.68 and high of 17474.49.
National Stock Exchange's Nifty was at 5100.40, down 121.30 points or 2.32 per cent. The broader index touched a low of 5085.45 and high of 5220.35.
BSE Midcap Index was down 2.43 per cent and BSE Smallcap Index slipped 2.56 per cent.
All the sectoral indices were in the red. BSE Capital Goods Index was down 4.21 per cent, BSE Power Index declined 2.90 per cent and BSE Metal Index slipped 2.47 per cent.
BHEL reported net profit of Rs 10.73 billion for the quarter ended December against Rs 7.91 billion in the same quarter a year ago. Net sales grew to Rs 71.34 billion for the quarter against Rs 60.22 billion a year ago.
Shares of Larsen & Toubro fell following disappointing results. The company's standalone net profit rose to Rs 75.9 billion for the quarter ended December against Rs 15.20 billion in the same quarter a year ago. Net sales stood at Rs 80.71 billion against Rs 85.94 billion.
At 2:28 pm, Bombay Stock Exchange's Sensex was at 17084.90, down 389.59 points or 2.23 per cent. The 30-share index hit a low of 17041.68 and high of 17474.49.
National Stock Exchange's Nifty was at 5100.40, down 121.30 points or 2.32 per cent. The broader index touched a low of 5085.45 and high of 5220.35.
BSE Midcap Index was down 2.43 per cent and BSE Smallcap Index slipped 2.56 per cent.
All the sectoral indices were in the red. BSE Capital Goods Index was down 4.21 per cent, BSE Power Index declined 2.90 per cent and BSE Metal Index slipped 2.47 per cent.
BHEL reported net profit of Rs 10.73 billion for the quarter ended December against Rs 7.91 billion in the same quarter a year ago. Net sales grew to Rs 71.34 billion for the quarter against Rs 60.22 billion a year ago.
Shares of Larsen & Toubro fell following disappointing results. The company's standalone net profit rose to Rs 75.9 billion for the quarter ended December against Rs 15.20 billion in the same quarter a year ago. Net sales stood at Rs 80.71 billion against Rs 85.94 billion.