Market on Monday opened with a weak
note. The BSE Sensex was down by 100 points after a closure of
17,521.12.
Even
though rupee climbed a bit in the last weak, but it fell 47 paise
today to 55.87 against the greenback.
The
30 share index, BSE declined to 100.43 points and opened at 17420.69
where as the broader share index NIFTY-FIFTY was down 31.75 points to
5285.20.
The
pressure was seen in the IT sector with Infosys down by 1.7% led by
Reliance Infrastructure, JSPL, Ambuja Cements, Tata Steel, Hindalco,
JP Assocites, Reliance Industries, ONGC, BHEL, Wipro, HCL Tech,
Sterlite Industries, HDFC Bank, Kotak Mahindra Bank, PNB, Bank of
Baroda and SBI were all trading under pressure in the early morning
session.
Orchid
Chemical and Pantaloon Retail slipped 4% and 2.5% after the reports
about Intelligence Bureau on Ketan Parekh's stock market scam.
This
pressure was also seen in the Textile industries.
Textile
stocks like Alok Industries, S Kumars and Arvind also plunged to 1.5-2%.
However,
Indraprastha Gas was up 3.35%
Subex rose 2.5%
TVS
Motor, UB Holdings and Kingfisher Airlines were up 2%.
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