Last Updated :
16 June 2009 at 10:45 IST
Sensex extend losses: Sterlite, RIL fall
Commodity Online
MUMBAI: Sensex slipped into red in the opening session today with metal stocks taking a lead in falling markets amid weak global cues.
Key benchmark index, Sensex traded at 14800 points down by 0.5% from its Monday’s close. Sectoral BSE metals index was trading at 11524 points down by 2% due to heavy sellout by the foreign funds.
Copper major, Sterlite Industries Ltd fell by close to 6.5% to Rs.621, while Birla group company, Hindalco Industries Ltd traded at Rs.93.80 with a fall of 2.14 during the opening trading session on the Bombay Stock Exchange (BSE) today.
Steel majors including Tata Steel and JSW Steel witnessed a fall on the bourses as well. Tata Steel Ltd fell by 3.76% to Rs.417, while JSW steel shed 3% to Rs.650. Coking coal miner, Gujarat NRE Coke Ltd fell by over 4% to Rs.46.40.
The heavy sellout was seen in sectors including automobiles, consumer durables, oil& gas and realty. Index heavyweight Reliance Industries Ltd extended yesterday’s losses following an unfavourable court ruling on gas sale rift with Anil Ambani promoted Reliance Natural Resources Ltd. RIL fell by close to 1.5% to Rs.2150 in the opening trading hour on the BSE.
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