Commodity Online
MUMBAI: Markets reel under selling pressure as benchmark Sensex shed over 200 points or 1.5% with oil & gas sector taking the lead in sinking market.
However, other sectoral indices on the Bombay Stock Exchange (BSE) traded with gains despite markets showing negative trend during the day. BSE Metals gained close to 6% to 9978 points during the day and BSE Consumer Durables traded at 2486 points up over 8% during the day.
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Among metals stocks Tata Steel Ltd surged over 13% at Rs.372.70, while Bhushan Steel Ltd traded with gains of over 4% at Rs.612, while other metals including Hindalco and Hindustan Copper Ltd have recorded considerable surge on the bourses today. Hindalco Industries Ltd traded at Rs.83 up over 7%, while Hindustan Copper Ltd surged over 4% at Rs.207 during the day.
Among top losers, Reliance Industries Ltd remained in red at Rs.2154 down by close to 4%. Similarly, Aban Offshore Ltd too witnessed heavy sellout as the stock price plunged by over 4% at Rs.870. Birla Group major, Grasim Industries Ltd traded with loss of close to 2% at Rs.2251 at the closing of the markets.
However, Cement stocks were trading with heavy gains on the note of increased off take amid rising construction activity across the nation. Madras Cement rose close to 16% at Rs.103.05, while Ambuja Cements Ltd gained over 7% at Rs.92.50. ACC recorded moderate gains of over 2% at Rs.771 during the closing hour on the Bombay Stock Exchange.
The markets remained under heavy selling pressure as the investors preferred profit booking at the higher levels on the BSE.
