Metal, Auto and Oil & Gas stocks lose
Mumbai -- The market which remained lacklustre for most part of the day today eventually ended on a poor note. The BSE 30-share Sensex finally closed at 11699, down by 24 points after touching an intra-day high of 11794.43 and a low of 11675.08.
Profit booking dragged the Auto industries back. TVS Motors lost by 2.3% to Rs. 92, Tata Motors slipped by 0.5% to Rs. 849, M&M has plunged by 1.6% to Rs. 649 and Maruti has lost by 0.3% to Rs. 861.
The Oil & Gas stocks witnessed the same reason behind their down fall and that is Profit booking . HPCL dipped by 1.8% to Rs. 277, BPCL slipped over 3% to Rs. 362, Gail was down by 3.9% to Rs. 260 and Essar Oil dipped by 2.9% to Rs. 51.
Metal stocks also witnessed the down fall. The reports of local producers considering cutting prices added to the sluggish metal trading. SAIL was down by 3.1% to Rs. 72. Tata Steel has lost by 2% to Rs. 496, National Aluminum plunged by 1.1% to Rs. 202 and Sterlite Industries has lost by 1.4% to Rs. 414.
Selling was also seen in Technology stocks. Mphasis BFL plunged by 2.7% to Rs. 176, Rolta was down by 2.4% to Rs. 219, Wipro slipped by 1.4% to Rs. 518 and Satyam Computer dipped by 1.3% to Rs. 808.
On contrary, FMCG stocks held firm in a choppy market on the back of index heavy weight like ITC, which surged by 2% to Rs. 191 and Nestle which rallied by 5.9% to Rs. 1061.
Making the Isopropyl alcohol plant operational helped the Deepak Fertilizer to surge higher. Deepak Fertilizers has rallied by 3% to Rs. 83. The scrip has touched an intra-day high of Rs. 83 and a low of Rs. 79 and has recorded volumes of over 58 thousand shares on BSE.
Apollo Tyres has also surged by 4.5% to Rs. 313. The board of directors of the company declared that they would consider selling securities in their meeting on September 4.
