Sensex down 128 points as stocks decline in early trade

Sensex down 128 points as stocks decline in early trade

Last Updated: Mon, Mar 04, 2013 04:18 hrs
Sensex falls 0.2 pct, Reliance Industries leads

It's a weak start for stocks on the Indian bourses this morning, with a somewhat negative trend in Asian markets and a hike in fuel prices hurting sentiment in early trades.

FMCG, realty, metal, capital goods and power stocks are mostly trading weak. Healthcare and automobile stocks are also trading lower. Select bank, oil and information technology stocks are up in positive territory with smart gains.

The BSE benchmark Sensex is now down 128 points or 0.68% at 18,790.52. The Nifty index of the National Stock Exchange is down with a loss of 44 points ot 0.78% at 5675.70.

Hindalco and Sterlite Industries are trading lower by over 2%. Coal India, Tata Steel and Jindal Steel & Power are down 0.5% - 1%.

Maruti Suzuki is down with a loss of 1.9%. Bajaj Auto and Mahindra & Mahindra are trading lower by around 1.3% and Hero Motocorp is down with a loss of 0.8%, while Tata Motors is trading in positive territory.

ITC and Hindustan Unilever, the FMCG heavyweights, are down by around 1.5% at rs 286.40 and Rs 446, respectively. Capital goods sector heavyweight Larsen & Toubro is down with a loss of 1.4%.

NTPC, Cipla, GAIL India, Bharti Airtel, Tata Power, HDFC and State Bank of India are also trading weak.

Reliance Infrastructure, DLF, ACC, Grasim Industries, Ambuja Cements, Ultratech Cement, Lupin, Ranbaxy Laboratories, Sesa Goa, Jaiprakash Associates, Axis Bank and IDFC are down 1% - 2.4%.

BPCL is up more than 1.5% at Rs 391.60. Indian Oil Corporation is up by about 1%, while Hindustan Petroleum Corporation is trading marginally down.

Infosys, HCL Technologies, ONGC, Reliance Industries, Wipro, Tata Consultancy Services and BHEL are up with modest gains.

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