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Thursday, February 19, 2015

Sensex loses over 250 pts; banks, Reliance, Coal India drag

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The market has opened lower on last day of the week. The Sensex lost 114.78 points to 29347.49 and the Nifty fell 26.10 points to 8869.20. About 574 shares have advanced, 302 shares declined, and 127 shares are unchanged on the BSE.

Reliance Industries, ICICI Bank and Coal India declined 1.5-2 percent. HDFC, SBI, TCS, ITC, Axis Bank and HUL were down 0.3-0.8 percent while Tata Motors, Cipla, Hindalco, Maruti, M&M, Hero Motocorp and BHEL gained 0.3-1 percent.

The Indian rupee gained in the early trade. It has opened higher by 13 paise at 62.21 per dollar versus 62.34 Wednesday.

US stocks closed narrowly mixed after the S&P 500 touched a new intraday record, amid lower oil prices and Germany’s rejection of the Greece loan extension plan.

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