Sensex on Downward Trend? Loses 277 as auto stocks fall

The 30-scrip Sensitive Index, made heavy losses during the afternoon trade Friday. The Sensex was trading down 277 points or 0.96 percent as interest sensitive sectors like automobile, banking and capital goods declined.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made losses during the afternoon session. It was trading down 81.75 points or 0.93 percent at 8,694.25 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,134.93 points, was trading at 28,653.54 points (12.30 p.m.), down 276.87 points or 0.96 percent from the previous day’s close at 28,930.41 points.

The Sensex touched a high of 29,183.76 points and a low of 28,577.36 points in the trade so far.

All sector-based indices of the BSE were trading in the red. Heavy selling was observed in interest sensitive sectors like automobile, banking and capital goods.

Other sectors like healthcare, fast moving consumer goods (FMCG) and information technology (IT) too came under heavy selling pressure.

The BSE S&P automobile index was down 245.01 points, bank index was lower by 227.22 points, capital goods index came down by 219.16 points, healthcare index fell 136.81 points, FMCG index declined by 97.45 points and IT index decreased by 85.11 points.(IANS)

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