Sensex falls over 300 pts

Sensex falls over 300 pts

Agency News

Mumbai, May 7 : The benchmark index of Bombay Stock Exchange on Thursday slipped by 323 pts to 31,362.96 in opening trade on profit booking by local operators at a higher level amid weak global peers. The Nifty of National Stock Exchange too fell by 95 pts to 9,175.90.

Nifty registered intraday high and low at 9,259.10 and 9,175.90 pts respectively. The Sensex registered intraday high and low at 31,677.69 and 31,362.96 pts respectively. With yesterday's gain by 232 pts on Wednesday, the Sensex was seen weak on selling in Telecom, FMCG, Bankex, Consumer Durable and Oil and Gas stocks. The mid cap rose by 0.72 pc and small cap by 0.49 per cent. Among individual stocks, YES Bank surged 15 per cent after reporting net profit of Rs 2,629 in the March quarter. HCL Tech also gained 3 per cent after reporting its Q4 numbers. Hindustan Unilever slipped 5 per cent in early deals after the company's 4.23 per cent equity changed hands in the block deal.

As per report, UK-based GSK was to offload shares worth Rs 26,000 crore in the FMCG major. The losers were Hind Unilever by 3.26 per cent to Rs 1944.35, ONGC by 2.90 per cent to Rs 76.95, Kotak Bank by 2.79 per cent to Rs 1210.65, Bharti Airtel by 1.74 per cent to Rs 536.55 and Powergrid by 162.75. The gainers were HCL technologies by 2.12 pc to Rs 530.60, Bajaj finance by 1.84 per cent to Rs 2145 and Sun Pharma by 2.02 per cent to Rs 463.75. (UNI)