Sensex down by 178 pts

Sensex down by 178 pts

Agency News

Mumbai, May 6 : The benchmark index of Bombay Stock Exchange on Wednesday dropped further by 178 pts to 31,274.85 in early trade as selling pressure was seen in Oil and Gas, Auto, Capital goods and Consumer Durable stocks amid mixed trend in Asian Market.

The nifty of National Stock Exchange too fell by 63.85 pts to 9141.75. The Nifty registered intra-day high and low at 9,232.60 and 9,116.50 pts respectively. The Sensex registered intraday high and low at 31,577.63 and 31,225.82 pts respectively. Oil marketing companies' shares fell as the Centre hiked excise duty on petrol and diesel and asked the OMCs to absorb the price hike. Major oil companies share include BPCL crashed 9 per cent while HPCL tumbled down 10 per cent.

The losers were ITC by 6.44 pc to Rs 162.70, Axis Bank by 4.65 pc to Rs 371.10, Bajaj Auto by 2.27 pc to Rs 2327, Asian paints by 2.22 pc to Rs 1582.65 and Maruti Suzuki by 2.15 pc to Rs 4727.75. The gainers were ONGC by 2.04 pc to Rs 80.05, Bharti Airtel by 1.15 pc to Rs 533.90, NTPC by 0.97 pc to Rs 93.45 and Reliance industries by 0.81 pc to Rs 1472.90. (UNI)