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Economy

Sensex down 150 pts

Agency News

The Benchmark Index of the Bombay Stock Exchange (BSE), Sensex has shed 150 points on Tuesday in the early hours of trade, dragged by losses in shares of select heavyweights from bank, financial and IT sectors, including HDFC twins, Infosys, ICICI Bank, Reliance Industries, Kotak Mahindra Bank, TCS and Tech Mahindra.

The Benchmark Index of the National Stock Exchange, Nifty has lost by 49 points to reach at 12,206 mark. Sensex was down 0.35 percent while BSE Midcap and Smallcap indices were up 0.09 percent and 0.30 percent, respectively.

Major gainers were Bharti Infratel up by 1.19 percent to Rs.258, Coal India up by 1.17 percent to Rs.208, GAIL up by 0.93 percent to Rs.120, Yes Bank up by 0.74 percent to Rs.47.70 and Titan Company up by 0.77 percent to Rs.1203.

Major losers were Tech Mahindra down by 1.80 percent to Rs.768.85, Eicher Motors down by 1.09 percent to Rs.22,536, Indus-ind Bank down by 1.05 percent to Rs.1515.30.

Shares of United Spirits climbed 2 percent on BSE in morning trade on December 31, a day after the company said CRISIL had revised its outlook on the company's long-term bank facilities and non-convertible debentures (NCDs).