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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

Sensex ends 274 points down; realty, metal stocks slump

Monday - Mar 05, 2012, 05:45pm (GMT+5.5)
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Mumbai - A benchmark index for Indian equities markets slumped 274 points Monday following heavy selling in metal, realty and banking stocks as wary investors played safe ahead of assembly election results Tuesday.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the red at 17,598.42 points, ended the day at 17,362.87 points, down 1.55 percent or 274.12 points from its previous close at 17,636.99 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange closed 1.47 percent down at 5,280.35 points.

There was heavy selling pressure on metal, realty and banking stocks.

The BSE realty and metal indices tumbled over three percent. The banking index slumped 2.62 percent.

The broader market indices as well as all the sectoral indices, except the FMCG index of the BSE, ended the day in red.

Among the top losers were DLF, down 5.44 percent at Rs.192.20, Hindalco down 5.35 percent at Rs.139.90, Gail India, down 4.88 percent at Rs.353.45, Jindal Steel, down 3.99 percent at Rs.567.30, ICICI Bank, down 3.88 percent at Rs.870.45 and SBI, down 3.40 percent at Rs.2,174.15.

Only five of the 30 Sensex scrips closed in the positive. Tata Motors was up 2.09 percent at Rs.273.45, Wipro, up 1.38 percent at Rs.432, ITC, up 1.17 percent at Rs.207.45, ONGC, up 0.89 percent at Rs.283.35 and Cipla, up 0.13 percent at Rs.312.85 were the Sensex gainers.


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