Sensex down 157 points; bank stocks fall

Image
IANS Mumbai
Last Updated : Nov 08 2013 | 4:27 PM IST

For the fourth straight day, a benchmark index of Indian stock markets closed in the red Friday on profit-taking in banking, consumer durables and oil and gas stocks.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,785.20 points, closed at 20,666.15 points (provisional), down 156.62 points or 0.75 percent from the previous day's close at 20,822.77 points.

The Sensex touched a high of 20,821.01 points and a low of 20,600.90 intra-day.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also declined. It ended at 6,140.75 points, down 46.50 points or 0.75 percent.

Heavy selling pressure was observed in bank, consumer durables and oil and gas stocks.

The S&P BSE bank index was down 160.34 points, followed by consumer durables index which was lower by 121.54 points and oil and gas index, which lost 103.82 points.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 08 2013 | 4:22 PM IST

Next Story