Sensex falls 114 points, profit-booking weighs

The fell on Friday to mark its lowest weekly close since January 13 after a sudden slump in and shares about 20 minutes before the close spooked investors.

The Sensex fell 0.57 per cent, or 113.79 points, to end at 19,781.19. It lost 1.6 per cent for the week.

The broader fell 0.59 per cent, or 35.85 points, to end at 5,998.90, closing below the psychologically important 6,000 level, also ending 1.2 per cent lower for the week.

The sudden fall in the share prices of these index stocks added to investor worries after Indian manufacturing slowed to a three-month low in January, and Bharti Airtel Ltd missed its earnings estimates by a wide margin.

Shares also fell on profit-taking after the BSE Sensex added 2.4 per cent in January to post its third-straight monthly gain.

Tata Motors shares fell 5.49 per cent after six separate block deals comprising 2.07 million shares took place at an average price of Rs 274.92. The sales sent the auto maker's shares as low as Rs 268.25.

UltraTech shares fell 3.4 per cent after one block deal of 41,863 shares at an average price of Rs 1,853.80 rupees. They dropped as low as Rs 1,712.35.

Shares in Bharti Airtel, India's top telecoms carrier, fell three per cent, after October-December profit missed estimates by a wide margin.

Bharat Heavy Electricals Ltd shares fell 1.2 per cent after India's top power equipment maker missed analyst estimates with a 17.5 per cent fall in third-quarter net profit, hit by a slowdown in new orders.

Hindustan Unilever fell 1.9 per cent after Morgan Stanley reduced its weightage on consumer staples stocks in its Indian model portfolio by one per cent. It also raised weightage of energy stocks to three per cent.

Satyam Computer Services shares fell 1.6 per cent after Kotak Institutional Equities downgraded it to 'reduce' from 'add', noting October-December revenue growth was 'muted', given the impact from furloughs in the high-tech and manufacturing segments.

Among the gainers, Maruti Suzuki India shares rose 1.8 per cent after reporting better-than-expected January vehicle sales at 114,205 units.

Bajaj Auto shares also rose 1.4 per cent ahead of its monthly sales data.

image
Business Standard
177 22
Business Standard

Sensex falls 114 points, profit-booking weighs

Reuters  |  Mumbai 



The fell on Friday to mark its lowest weekly close since January 13 after a sudden slump in and shares about 20 minutes before the close spooked investors.

The Sensex fell 0.57 per cent, or 113.79 points, to end at 19,781.19. It lost 1.6 per cent for the week.

The broader fell 0.59 per cent, or 35.85 points, to end at 5,998.90, closing below the psychologically important 6,000 level, also ending 1.2 per cent lower for the week.

The sudden fall in the share prices of these index stocks added to investor worries after Indian manufacturing slowed to a three-month low in January, and Bharti Airtel Ltd missed its earnings estimates by a wide margin.

Shares also fell on profit-taking after the BSE Sensex added 2.4 per cent in January to post its third-straight monthly gain.

Tata Motors shares fell 5.49 per cent after six separate block deals comprising 2.07 million shares took place at an average price of Rs 274.92. The sales sent the auto maker's shares as low as Rs 268.25.

UltraTech shares fell 3.4 per cent after one block deal of 41,863 shares at an average price of Rs 1,853.80 rupees. They dropped as low as Rs 1,712.35.

Shares in Bharti Airtel, India's top telecoms carrier, fell three per cent, after October-December profit missed estimates by a wide margin.

Bharat Heavy Electricals Ltd shares fell 1.2 per cent after India's top power equipment maker missed analyst estimates with a 17.5 per cent fall in third-quarter net profit, hit by a slowdown in new orders.

Hindustan Unilever fell 1.9 per cent after Morgan Stanley reduced its weightage on consumer staples stocks in its Indian model portfolio by one per cent. It also raised weightage of energy stocks to three per cent.

Satyam Computer Services shares fell 1.6 per cent after Kotak Institutional Equities downgraded it to 'reduce' from 'add', noting October-December revenue growth was 'muted', given the impact from furloughs in the high-tech and manufacturing segments.

Among the gainers, Maruti Suzuki India shares rose 1.8 per cent after reporting better-than-expected January vehicle sales at 114,205 units.

Bajaj Auto shares also rose 1.4 per cent ahead of its monthly sales data.

RECOMMENDED FOR YOU

Sensex falls 114 points, profit-booking weighs

The Sensex fell on Friday to mark its lowest weekly close since January 13 after a sudden slump in Tata Motors and UltraTech Cement shares about 20 minutes before the close spooked investors.

The fell on Friday to mark its lowest weekly close since January 13 after a sudden slump in and shares about 20 minutes before the close spooked investors.

The Sensex fell 0.57 per cent, or 113.79 points, to end at 19,781.19. It lost 1.6 per cent for the week.

The broader fell 0.59 per cent, or 35.85 points, to end at 5,998.90, closing below the psychologically important 6,000 level, also ending 1.2 per cent lower for the week.

The sudden fall in the share prices of these index stocks added to investor worries after Indian manufacturing slowed to a three-month low in January, and Bharti Airtel Ltd missed its earnings estimates by a wide margin.

Shares also fell on profit-taking after the BSE Sensex added 2.4 per cent in January to post its third-straight monthly gain.

Tata Motors shares fell 5.49 per cent after six separate block deals comprising 2.07 million shares took place at an average price of Rs 274.92. The sales sent the auto maker's shares as low as Rs 268.25.

UltraTech shares fell 3.4 per cent after one block deal of 41,863 shares at an average price of Rs 1,853.80 rupees. They dropped as low as Rs 1,712.35.

Shares in Bharti Airtel, India's top telecoms carrier, fell three per cent, after October-December profit missed estimates by a wide margin.

Bharat Heavy Electricals Ltd shares fell 1.2 per cent after India's top power equipment maker missed analyst estimates with a 17.5 per cent fall in third-quarter net profit, hit by a slowdown in new orders.

Hindustan Unilever fell 1.9 per cent after Morgan Stanley reduced its weightage on consumer staples stocks in its Indian model portfolio by one per cent. It also raised weightage of energy stocks to three per cent.

Satyam Computer Services shares fell 1.6 per cent after Kotak Institutional Equities downgraded it to 'reduce' from 'add', noting October-December revenue growth was 'muted', given the impact from furloughs in the high-tech and manufacturing segments.

Among the gainers, Maruti Suzuki India shares rose 1.8 per cent after reporting better-than-expected January vehicle sales at 114,205 units.

Bajaj Auto shares also rose 1.4 per cent ahead of its monthly sales data.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Bajaj Electrical 263.85 9.60
Capital First 747.90 7.46
Transport Corp. 373.45 6.90
Allcargo Logist. 203.45 6.74
WABCO India 6069.50 6.43
> More on BSE Gainers
Company Price() Chg(%)
Bajaj Electrical 264.00 9.20
Capital First 747.40 7.81
Snowman Logistic 90.55 6.84
Allcargo Logist. 203.50 6.66
WABCO India 6088.15 6.52
> More on NSE Gainers
Company Price() Chg(%)
JM Financial 68.95 -8.43
T N Newsprint 282.85 -5.84
GIC Housing Fin 314.45 -4.63
Sintex Inds. 77.65 -3.78
Hatsun AgroProd. 326.95 -3.74
> More on BSE Gainers
Company Price() Chg(%)
JM Financial 69.20 -7.86
T N Newsprint 282.90 -5.73
Castex Tech 14.60 -4.89
Somany Ceramics 600.05 -4.09
Orissa Minerals 2253.25 -3.83
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard