Sensex down 80 points, looks set to end on weak note

Last Updated: Tue, Jan 22, 2013 09:44 hrs

Due to profit taking at several front line counters, the market, which came off higher levels earlier this afternoon, has slipped a bit deeper into the red now, and looks headed for a weak close today.

The Sensex, which declined to 19,969.84, is now down 88.96 points or 0.44% at 20,012.86. The Nifty index of the National Stock Exchange is down 25.30 points or 0.4% at 6057, around 15 points off the day's low of 6042.70.

Realty and consumer durables stocks are among the most prominent losers. Though all the sectoral indices are down in the red now, the BSE Realty and Consumer Durables indices are the worst hit, having lost 2.1% and 1.6%, respectively. Capital goods, information technology and metal stocks are mostly down in negative territory.

GAIL India is trading sharply lower, losing around 4.4% at Rs 371. Hindalco is down with a loss of 2.2%. Tata Motors, State Bank of India, Tata Power, Tata Consultancy Services, Bharti Airtel, Larsen & Toubro, HDFC Bank, Tata Steel, Infosys, ITC and Dr Reddy's Laboratories are down 0.5% - 1.5%.

Sun Pharmaceutical Industries is trading stronger by 1.6%. NTPC is up by a little over 1.5%. Hindustan Unilever is up nearly a percent, while Jindal Steel & Power, Mahindra & Mahindra, Bajaj Auto, Cipla and Wipro are up with modest gains.

Among the stocks in the Realty index, HDIL is down as much as 6.9% and Indiabulls Real Estate is trading lower by nearly 5%.

Anant Raj Industries, DLF and Unitech are down 2% - 4%, while Parsvnath Developers and Prestige Estates are trading lower by 1.7% and 1.2%, respectively. However, Godrej Properties, Sobha Developers and Oberoi Realty are trading notably higher.

Consumer durables stocks Gitanjali Gems, Titan Industries, TTK Prestige, Videocon Industries, VIP Industries and Whirlpool are trading lower by 1.2% - 2.8%. Bajaj Electricals, Blue Star and Symphony are up in positive territory with smart gains.

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