Market: Indices
04 June 2007
Sensex is down 74.98 points or 0.51% at 14495.77, and the Nifty down 30.00 points or 0.70% at 4267.05.
About 1149 shares have advanced, 1371 shares declined, and 83 shares are unchanged.
Auto, IT and capital goods were among the major losers. In the auto sector Tata Motors slipped as it came out with disappointing set of monthly May sales. The IT stocks continue to reel under pressure as the rupee is seen trading at 40.52 levels against the dollar. Sugar sector was a major underperformer in today's session. Bajaj Hindustan, Balrampur Chini, Renuka were among the major losers.
However, metal index outperformed the markets with gains of over 1.2%. Hindalco surged and ended up over 4% on reports that Sterlite with Alcan is looking to buy stake in Hindalco.
FMCG stocks ITC and Dabur India were also among the top gainers.
The BSE Small Cap Index closed at 7,466.77 down 0.01%.