Sensex down; Tata Power, Infy, Reliance big losers

October 23, 2012 11:01

The BSE benchmark Sensex erased initial gains, and fell by six points due to fresh selling in consumer durables, IT, oil&gas and auto sectors amidst mixed Asian cues.

The Sensex had resumed higher at 18,803.62 and moved between 18,812.93 and 18,758.42. It was quoted at 18,787.54 at 1025 hrs, down 5.90 points, or 0.03 per cent, from Monday's close.

The NSE 50-share Nifty also eased by 3.60 points, or 0.06 per cent, to 5,713.55 at 1025 hrs.

The market may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month October 2012 series to November 2012 series. The near-month October 2012 derivatives expire on October 25.

The stock market will remain closed on Wednesday on account of Dussera.

Major losers were Hero Motocorp (1.54 per cent), Infosys (0.83 per cent), Jindal Steel (0.81 per cent), Reliance Ind (0.75 per cent) and Tata Power (0.56 per cent).

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