Sensex ends in red on poor IIP numbers

Commentary

oi-Monika

By Monika Nihalani

Published: Monday, December 12, 2011, 16:49 [IST]

The Benchmark SENSEX ended at 15870.35, down by 343.11 points or 2.12%. The 50-share NSE Nifty closed at 4,764.60, down by 102.10 points or 2.10%.

Indian markets witnessed a sharp fall after the government released negative 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 shrank by 6% in October.

Among Sectoral Indices on the BSE, all the sectors except IT ended in negative terrain. IT closed positive with 54.33 points or 0.95%. Metal, Bankex, oil & gas were among top losers.

On the National Stock Exchange (NSE), the top volume gainers were Wipro, TCS, HCLTech and Infy posted gains between 1.02%-2.54%.

The major losers on the NSE were Tata Power (7.04%), Hindalco (4.89%), Siemens (6.32%), Sail (6.02%) and JP Associates (5.68%).

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