Sensex, Nifty in red on poor IIP numbers

Commentary

oi-Sneha

By Sneha B K

Published: Friday, February 10, 2012, 15:25 [IST]

Indian markets witnessed a fall after the government released poor IIP numbers. The fall was registered due to slow performance of the sectors like manufacturing, mining and capital goods. India's manufacturing sector which contributes 76% of the total industrial production rose by only 1.8% in Dec verses 5.9% in Nov.

At 3.15 pm IST, the 30-share BSE Sensex was trading at 17749.41 down by 81.34 points or 0.46%, it had touched intraday high of 17,890 and NSE Nifty was trading at 5379.85 down by 32.50 points or 0.60%.

Among sectoral indices on BSE, most of the sectors were trading in negative terrain except Metal and PSU which were marginally up.

While on the losing side, the only sectors failed to lure investors were Realty, Oil & Gas, Health Care and Bankex.

On the National Stock Exchange (NSE), the top volume gainers were Tata Steel, Sail, SesaGoa, Bajaj Auto and PNB posted gains between 1.31%-4.81%.

And the loser in today trade were Hindalco, Reliance Infra, Ambuja Cement, ACC and JP Associates.

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