CIL, Sun Pharma register losses in BSE debut trade

State-run Coal India and drug-maker Sun Pharma, which entered the coveted league of 30 Sensex companies on Monday, tumbled on the bourses amid the overall bearish broader market trend following the US credit ratings downgrade.

Shares of Coal India opened the day on a weak note and were trading down by 1.58 per cent at Rs 386.15 on the BSE. The stock touched an intra-day low of Rs 378.40 and a high of Rs 387.85.

Similarly, Sun Pharma made a sluggish start and fell by 1.94 per cent to trade at Rs 488.05 on the BSE. The scrip hit an intra-day low of Rs 484.55 and a high of Rs 494.40.

The entry of the two new companies into the Sensex pack ends the over five-year journey of Anil Ambani group firms Reliance Communications (RComm) and Reliance Infra (R-Infra).

RComm and R-Infra ended their Sensex journey on Friday on a disappointing note, with their shares falling by over seven per cent.

Shares of RComm were on Monday trading lower by 5.32 per cent at Rs 87.20, while R-Infra went down by 3.54 per cent to Rs 505.25. The 30 stocks currently listed on the Sensex include Reliance Industries, four Tata Group companies — TCS, Tata Steel, Tata Power and Tata Motors — and two from Deepak Parekh-led HDFC Group, namely HDFC and HDFC Bank.

PSUs like ONGC, NTPC, SBI and BHEL; IT firms TCS, Infosys and Wipro; auto-makers Maruti, Hero Honda, M&M and Bajaj Auto; banking major ICICI Bank; and firms like Bharti Airtel, ITC, L&T, HUL, Jindal Steel, Hindalco, Sterlite Industries, Cipla, DLF and Jaiprakash Associates are the other companies listed on the Sensex.

The BSE Sensex fell 316 points to below the 17,000-level to close at 16,990.18, the lowest level since June 10, 2010.