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UNI:The negative trend continued for the third session with the 30-scrip Index of the Bombay Stock Exchange (BSE) declining by 189.74 points at 18,531.65 in the opening trade today following heavy selling in IT, Tech, Realty and Bankex stocks along with weak Asian markets.
The Nifty of the National Stock Exchange (NSE) also eased by 53.70 points to 5,562.40.
IT bellwether Infosys tumbled 5.34 per cent to Rs 2760 as consolidated net profit as per International Financial Reporting Standards fell 5.3 per cent to Rs 1722 crore on 3.2 per cent growth in revenue to Rs 7485 crore in Q1 June 2011 over Q4 March 2011. The results were declared today.
IT, Technology, Realty, Metal and Bankex stocks opened in the red. However, FMCG, Oil and Gas and PSU were seen positive. The scrips that rallied included ITC, NTPC, ONGC, Bharti Airtel and BHEL.
The losers included Tata Motors by 2.76 per cent, Wipro by 2.63 per cent, Hindalco Industries by 1.97 per cent, Jindal Steel by 1.80 per cent, TCS by 1.71 per cent, DLF by 1.64 per cent, HDFC Bank by 1.40 per cent, Bajaj Auto by 1.41 per cent, Maruti Suzuki by 1.37 per cent, Jaiprakash Asso by 1.28 per cent, Sterlite Industries by 1.16
per cent, Rel Infra by 1.15 per cent and SBI by 1.12 per cent.
Among the gainers were ITC by 0.86 per cent, Hind Unilever by 0.51 per cent, NTPC by 0.50 per cent, ONGC by 0.50 per cent, Bharti Airtel by 0.47 per cent and BHEL by 0.02 per cent.
Essar Oil jumped 2.31 per cent as the company reported a net profit of Rs 469 crore for Q1 June 2011, compared with net loss of Rs 70 crore for Q1 June 2010 yesterday. Gross revenue rose 37 per cent to Rs 16478 crore in Q1 June 2011 over Q1 June 2010.
Asian stocks tumbled as investors fled riskier assets amid deepening worries about the spread of European debt contagion. The key benchmark indices in Hong Kong, Japan, China, Indonesia, Singapore, South Korea and Taiwan were down between 0.94 per cent and 2.04 per cent.
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