Sensex fell on Friday, snapping a four-day rise, as profit-taking
hit recent out-performers such as ICICI Bank, while sentiment was also
hit after dozens of erroneous orders by a financial firm triggered a
brief halt in the Nifty.
The BSE Sensex fell 0.63 per cent, of 119.69 points, to end at 18,938.46 points after earlier in the session hitting its highest intraday level since May 2 2011.
Nifty fell 0.7 per cent, or 40.65 points, to end at 5746.95 points, having hit its highest intra-day level since April 28 2011 shortly after trading resumed after the halt.
The National Stock Exchange index suddenly dropped by more than 900 points to a session low of 4,888.20 points; 15.5 percent below Thursday’s close.
Traders expressed concerns the financial measures announced yesterday would face an uncertain fate in parliament. On top of that, caution also prevailed ahead of the US monthly jobs data due out later in the day. The BSE Sensex fell 0.63 per cent, of 119.69 points, to end at 18,938.46 points after earlier in the session hitting its highest intraday level since May 2 2011.
The drop in the Nifty comes after a powerful run, with the index gaining 0.8 per cent for a fifth consecutive weekly gain.
Later, recent outperformers were hit, with ICICI Bank shares falling 1.7 per cent after gaining 3.12 per cent in the previous two sessions.
Emkay, the financial services firm behind the erroneous trades, slumped by the daily limit of 10 per cent. Mortgage lender HDFC dropped five per cent after Carlyle Group sold a 3.7 per cent stake for $841 million at a 3.5 per cent discount to Thursday’s closing share price.
Infosys fell 1.9 per cent, ending down for a third consecutive session, as the appreciating rupee is raising worries about a potential hit to its income from overseas. Via
The BSE Sensex fell 0.63 per cent, of 119.69 points, to end at 18,938.46 points after earlier in the session hitting its highest intraday level since May 2 2011.
Nifty fell 0.7 per cent, or 40.65 points, to end at 5746.95 points, having hit its highest intra-day level since April 28 2011 shortly after trading resumed after the halt.
The National Stock Exchange index suddenly dropped by more than 900 points to a session low of 4,888.20 points; 15.5 percent below Thursday’s close.
Traders expressed concerns the financial measures announced yesterday would face an uncertain fate in parliament. On top of that, caution also prevailed ahead of the US monthly jobs data due out later in the day. The BSE Sensex fell 0.63 per cent, of 119.69 points, to end at 18,938.46 points after earlier in the session hitting its highest intraday level since May 2 2011.
The drop in the Nifty comes after a powerful run, with the index gaining 0.8 per cent for a fifth consecutive weekly gain.
Later, recent outperformers were hit, with ICICI Bank shares falling 1.7 per cent after gaining 3.12 per cent in the previous two sessions.
Emkay, the financial services firm behind the erroneous trades, slumped by the daily limit of 10 per cent. Mortgage lender HDFC dropped five per cent after Carlyle Group sold a 3.7 per cent stake for $841 million at a 3.5 per cent discount to Thursday’s closing share price.
Infosys fell 1.9 per cent, ending down for a third consecutive session, as the appreciating rupee is raising worries about a potential hit to its income from overseas. Via
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