Sensex drifts lower again; JP Associates dives 5%
16 Nov 2011
Indian equities fell sharply again due to steep crack in L&T and BHEL, which plummeted 5% each while the Nifty tested 5,000-level as well. Reliance Industries, HDFC Bank and HDFC were down 2-3%. The 30-share BSE Sensex tanked 193 points to 16,690.04 and the 50-share NSE Nifty lost 63 points to 5,005.35.
Infosys, TCS, ICICI Bank, Bharti Airtel, NTPC and Tata Motors dropped 0.5-1%. Hero Motocorp, Sun Pharma, Wipro, Coal India and Hindalco and Maruti lost 2.5-3%. Jaiprakash Associates tumbled 5%.
Are you confused or have any query on equities, commodities, real estate, mutual funds or insurance? Here is a chance for all the learning and directly chat with experts all throughout the day only at Master Your Money . Experts from the different asset class will answer queries through live web chat sessions starting from 9:30 am till 5:30 pm. Also you can read exclusive expert columns, videos and audios to get you the right mix on investment for best return.
However, SBI, which rallied over 2% at one point of time, gained just 1%. ONGC and M&M moved up 1.7% each. ITC and Cipla rose 1% each while Jindal Steel shot up 2.25%.
About three shares declined for every share rising on National Stock Exchange.
At 14:01 hours IST : Nifty recovers; SBI, ICICI Bank, ONGC, ITC lead
