Sensex down 69 points; auto stocks plunge as car firms increase prices

Sensex, the benchmark index of Indian equities markets on Monday was trading 69.28 points or 0.25 percent down as auto stocks plunged in the backdrop of car prices going up this month onwards.

Good buying was observed in fast moving consumer goods (FMCG) sectors, while selling pressure was seen in the auto, metal and oil and gas sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,523.86 points, was trading at 27,389.10 points (at 09.26 a.m.) in the early session, down 69.28 points or 0.25 percent from the previous day’s close at 27,458.38 points.

The Sensex touched a high of 27,539.55 points and a low of 27,333.08 points in the trade so far.

The S&P FMCG index moved up by 56.84 points, auto index fell by 111.28 points, metal index dropped by 96.55 points and oil and gas index went down by 78.94 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 26.50 points or 0.32 percent down at 8,258 points.

In fact, Angel Broking said in its report: “Indian markets are expected to open on a flat to negative note tracing global markets and SGX Nifty. Today, the support levels for NIFTY Cash are 8190-8130 and resistance level will be 8350-8400.”

The Indian rupee gained 23 paise trading at 62.09 against the dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the US currency by exporters.

The rupee had surged by 35 paise to end at four-week high of 62.32 against the Greenback on Friday. (With inputs from IANS)

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