Wednesday, January 20, 2010

Sensex Slips Lower; JP Associates, ONGC, DLF Amongst The Loser

. Wednesday, January 20, 2010

By stockOzone team

Benchmarks slipped to intraday lows tracking negative European markets. Profit booking was seen in realty, oil & gas and PSU stocks while auto and power stocks showed some strength.

At 2:12 pm, Bombay Stock Exchange’s Sensex was at 17463.69, down 22.37 points or 0.13 per cent. The index touched an intraday high of 17590.59 and low of 17425.05.

National Stock Exchange’s Nifty was at 5214.45, down 11.2 points or 0.21 per cent. The 50-share index hit a high of 5256.70 and low of 5201.40

BSE Midcap Index was down 0.37 per cent and BSE Smallcap Index moved 0.13 per cent lower.

Amongst the sectoral indices, BSE Realty Index fell 1.91 per cent, BSE Oil & gas Index declined 1.46 per cent and BSE PSU Index slipped 0.99 per cent. BSE Auto Index was up 0.18 per cent and BSE Power Index gained 0.11 per cent.

Jaiprakash Associates (-3.62%), ONGC (-2.46%), DLF (-2.05%), Wipro (-1.41%) and HDFC Bank (-1.31%) were amongst the top Sensex losers.

Gainers included Bharti Airtel (3.11%), Tata Steel (1.93%), Maruti Suzuki (1.70%), ICICI Bank (1.59%) and NTPC (1.12%).

Market breadth was positive on the BSE with 1323 advances and 1455 declines.

European markets were in the red following correction in banks. FTSE 100 was down 0.27 per cent, DAX slipped 0.23 per cent and CAC 40 was up 0.07 per cent.

Disclosure: Author does not own any of the stocks discussed here.

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