Sensex 208 points down; capital goods stocks decline

Mumbai, April 16: A benchmark index of the Indian stock markets Wednesday fell 208 points or 0.92 percent, as capital goods, information technology (IT) and technology, entertainment and media (TECK) stocks fell.

Markets remained bearish for the third consecutive day after the 30-scrip sensitive index S&P Sensex of the Bombay Stock Exchange (BSE) which opened at 22,486.73 points, ended the day’s trade at 22,277.23 points (provisional), down 207.70 points or 0.92 percent from its previous day’s close at 22,484.93 points.

The Sensex hit an intra-day high of 22,533.61 points and a low of 22,247.39 points.

In the day’s trade, capital goods, IT and TECK stocks came under sustained selling pressure. However, fast moving consumer goods (FMCG) and metal scrips rallied.

The capital goods index of the BSE tanked 301 points, IT index was down 224.83 points and TECK index slipped by 107.15 points.

However, FMCG index was up 43.08 points and metal index edged higher by 18.78 points.

The wider 50 scrip S&P Nifty of the National Stock Exchange (NSE) too ended in negative territory. It closed 57.80 points or 0.86 percent down at 6,675.30 points.

IANS