Sensex volatile, banks, realty, PSU decline
Wednesday, 8 December 2010
MUMBAI, Dec 7 (Economic Times): Benchmarks bounced back from day's lows but were still in the negative terrain due to lack of buying interest. Banks, realty and PSU stocks led the decline while oil&gas and tech stocks showed some resistance.
At 2:45 pm Bombay Stock Exchange's Sensex was at 19905.28, down 76.03 points or 0.38 per cent. The index touched a high of 20008.36 and low of 19824.44 in trade so far.
National Stock Exchange's Nifty was at 5964, down 28.25 points or 0.47 per cent. The index touched a high of 6001 and low of 5939.70 intraday.
BSE Midcap Index was down 1.31 per cent and BSE Smallcap Index fell 1.81 per cent.
BSE Bankex was down 3.17 per cent, BSE Realty Index moved 1.53 per cent lower and BSE PSU Index slipped 0.97 per cent. BSE Oil&gas Index was up 0.97 per cent.
Banking shares continued to slip lower concerns of margin pressure after State Bank of India hiked deposit rates by between 50 and 150 basis points for various maturities.
At 2:45 pm Bombay Stock Exchange's Sensex was at 19905.28, down 76.03 points or 0.38 per cent. The index touched a high of 20008.36 and low of 19824.44 in trade so far.
National Stock Exchange's Nifty was at 5964, down 28.25 points or 0.47 per cent. The index touched a high of 6001 and low of 5939.70 intraday.
BSE Midcap Index was down 1.31 per cent and BSE Smallcap Index fell 1.81 per cent.
BSE Bankex was down 3.17 per cent, BSE Realty Index moved 1.53 per cent lower and BSE PSU Index slipped 0.97 per cent. BSE Oil&gas Index was up 0.97 per cent.
Banking shares continued to slip lower concerns of margin pressure after State Bank of India hiked deposit rates by between 50 and 150 basis points for various maturities.