BSE sensex lost 253.24 points

Mumbai July 10: The BSE sensex lost 253.24 points at the end of the day compare to its previous close

The 30-share BSE index fell 1.84 percent, or 253.24 points, to 13,504.22, its lowest close after the ruling coalition won general election. The 50-share NSE Key index Nifty down by 1.9 percent closed at 4,003.90 points.

The main reason for the fall is a sell-off by foreign hedge funds institutions due to redemption pressures from their investors.

This week the benchmark index last more than 9 percent. The sensex started it fall on Monday after the budget expectation are not met and on Monday this triggered the largest single day fall in 6 month.

Major Loser

Sensex heavy weight Reliance Industries which led the index losers fell 4 percent to 1,778.40 rupees.

Reliance Infra -6.5%,
JP Associates -5.6%,
Reliance Comm -5.4%,
HDFC -4.7%, Sun Pharma -4.2%
The stock has fallen 12.3 percent this week, the second steepest weekly slide this year.


Major Gainer

Infosys up by 3 percent to 1,726.50 rupees after posting 17% increase in profit for 1 st quarter
Mahindra Satyam up by 2.05 percent
Sterlite Industries rose 3.3 percent