Sensex drops 100 pts on muted earnings, profit-booking
The BSE Sensex fell over 100 points
to 32,508.42 at the start of the last trading session of the
Samvat year 2073 today, hit by muted quarterly earnings by
some bluechips and profit booking by participants at record
The trend remained mixed in global markets.
The 30-share index fell by 100.74 points, or 0.31 per
cent, to 32,508.42, with banking, PSU, capital goods, auto,
healthare and oil & gas stocks dropping up to 6.6 per cent.
The broad-based Nifty slipped from record by falling
29.30 points, 0.29 per cent, to 10,205.15.
Brokers said sentiment turned bearish on unabated foreign
fund outflows and lower-than-expected Q2 earnings by
some bluechip companies amid profit-booking in recent gainers.
Markets will conduct a special 'Muhurat' trading
session tomorrow between 1830 hrs and 1930 hrs on the
auspicious occasion of Diwali.
Private sector lender Axis Bank plunged 6.64 per cent
after it reported spike in the dud loan portfolio due to newer
surprises, including an under-reporting found by the Reserve
Bank. The bank posted a 38 per cent rise in September quarter
net profit at Rs 432 crore on low base effect.
Other losers were ICICI Bank, SBI, Cipla, Lupin, Bajaj
Auto, Bharti Airtel, Asian Paint, Tata Motors, Infosys, Sun
Pharma and Coal India.
Investors were cautious with today being the last session
of Hindu Samvat Year 2073.
Hong Kong's Hang Seng was down 0.09 per cent while
Japan's Nikkei rose 0.13 per cent in early trade today.
Shanghai Composite gained 0.27 per cent.
The US Dow Jones Industrial Average ended 0.18 per cent
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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