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Markets end lower

BSE Metal index top sectoral loser

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SI Reporter New Delhi
Last Updated : Mar 05 2013 | 8:54 PM IST

Markets ended today's session on a weak note after the rupee touched a new all time low level of 55.32. The Sensex provisionally closed at 16,038, down 145 points and the Nifty slipped 45 points to provisionally close at at 4,860 levels.
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(Updated at 1440 hours)

Markets have extended losses in the late noon deals on the back of weakning rupee against the US dollar. The rupee fell to 55.06 against the USD. The Sensex is down 117 points at 16,066 and the Nifty is up 38 points at 4,868 levels.

The European markets are trading higher. The CAC 40 index is up 17 points at 3,033, DAX has advanced 37 points to 6,368 and the FTSE100 is up 34 points at 5,338 levels.

Back home, Tata Power is the top loser among the Sensex stocks, down 4.5% at Rs 91. Sterlite Industries, Maruti Suzuki, Sun Pharma, SBI, L&T, Hindalco, Gail India, NTPC and Mahinsra & Mahindra are also trading lower by 1.3-4% each. On the other hand, Tata Motors, BHEL, TCS, Bharti Airtel, Wipro and HDFC are among the notable gainers.

Among the individual stocks, Power Finance Corporation has moved higher by around 4% at Rs 154 after reporting 35% year-on-year (y-o-y) growth in net profit at Rs 818 crore for the quarter ended March 2012 on back of higher operational income. Net interest income grew 43% at Rs 1,198 crore on y-o-y basis.

Selling pressure is visible across most of the sectors. The Metal stocks are amongst the worst hit in trades. The BSE Metal index is the top sectoral loser, down 123 points at 9,995. Power, capital goods, bankex, realty, FMCG and healthcare indices are also trading lower by 0.6-1.2% each. While, IT and teck indices are among the few gainers.

The overall breadth has turned negative as 1,437 stocks are declining while 1,087 are advancing.

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First Published: May 22 2012 | 3:35 PM IST

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