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  • Sensex drops for 3rd day; ends 50 pts lower; Hindalco tumbles

    Published on March 11, 2015

    sensex gloomyExtending its fall to the third straight session, the benchmark Sensex closed down by over 50 points at fresh one-month low of 28,659.17 Wednesday on selling in metal, healthcare, oil & gas and capital goods stocks amid sustained fund outflows.

    In volatile movements, the 30-share BSE index opened higher at 28,725.75 on the back of value-buying in select stocks.

    However, it soon came under pressure as participants preferred to book profits at every rise, leading to the index touching a low of 28,608.18.

    While a round of late buying in select bluechip stocks, helped the Sensex to touch day’s high of 28,843.23 but it lost momentum again.

    It closed at 28,659.17 points – its weakest level since February 11 – down 50.70 points, or 0.18 percent. The gauge has lost nearly 790 points in three sessions.

    The broad-based Nifty of the NSE slipped below the 8,700-mark by falling 12.10 points, or 0.14 percent, at 8,699.95.

    It shuttled between 8,755.60 and 8,682.35 in intra-day trade. The gauge has lost 237.80 points in 3 days.