Sensex closes 100 pts lower on global sell-off

Published: Monday, October 31, 2011, 17:37 [IST]

Mumbai, Oct 31: Following global sell-off, BSE Sensex on Monday, Oct 31 closed below 100 points. After a rally of 6 percent seen last week, NSE Nifty also took a pause on Monday.

The fall in oil & gas has put pressure on the market throughout the session, respective index falling 2 percent. RIL and ONGC lost 2.3 percent each.

The BSE Metal index too tumbled 2 percent; Sterlite Industries and Hindalco were top losers on Sensex, losing 4 percent each. JSPL fell nearly 3 percent.

Among others, Tata Motors tanked 3.8 percent and BHEL slipped nearly 3 percent. ITC, TCS, Wipro and DLF were down 0.5-2 percent.

ICICI Bank declined 0.3 percent. India’s largest private sector lender's second quarter (July-September) net profit rose to forecast-beating 22 percent year-on-year to Rs 1,503 crore on lower provisions as asset quality improved during the three month period.

However, HUL was the star performer today, surging 7.4 percent post numbers. The company's Q2 net profit jumped 22% to Rs 689 crore and net sales went up 18 percent to Rs 5522 crore.

HDFC Bank, Infosys, Hero Motocorp, Tata Steel and NTPC were other gainers.

Goodreturns.in

Story first published: Monday, October 31, 2011, 17:37 [IST]

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