Sensex dips below 25,000 points as investors continue to press sales

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Sensex dips below 25,000 points as investors continue to press sales
The Sensex and the Nifty fell below the 25,000 points mark as investors continued to press sale in blue chip stocks.

Leading the set of losers today was Infosys whose share price dropped more than 2 per cent, despite a robust quarterly performance reported last week.

Other stocks that declined were Larsen and Toubro, Sun Pharma, Sesa Sterlite and NTPC.
Tata Motors was trading higher despite reports that the company has reported a 10 per cent decline in global sales.

PSU banking stocks were weak in early trade despite reports that the Finance ministry was looking at various prospects of merger for these banks. Oriental Bank, Bank of India, Canara Bank and Indian Overseas Bank were all trading lower.

Shares in TVS were marginally lower despite reports that the company has displaced Bajaj Auto as the second largest two-wheeler maker after good scooter sales.

Realty stocks which gained ground after the Union Budget provided a host of benefits, were trading lower on profit booking. HDIL, DLF and DB Realty all lost ground in trade.

The sector that saw pressure in early trade were some of the IT stocks on reports that there is a possibility of the Immigration Bill in the US being pushed through. Polaris, TCS and Tech Mahindra were among the losers in trade.

Meanwhile, markets in Asia were trading flat, in the absence of any major cues.

Story first published: Monday, July 14, 2014, 9:32 [IST]
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