Sensex trims initial losses

June 21, 2013 11:00

The S&P BSE benchmark Sensex trimmed its initial losses, but was still quoted lower by 11 points to 18,708.30 in late morning trade today on selling in select counters in view of persistent capital outflows amid weak global cues.

Shares of banking, consumer durable, healthcare, FMCG and metal sectors declined on sustained selling pressure.

The BSE-30 share index, Sensex, resumed lower at 18,695.80 points and dropped further to a low of 18,615.14 on profit-booking.

But, it recovered afterwards to 18,717.42 before quoting 18,708.30 points at 1025 hours.

It still showed a loss of 10.99 points, or 0.06 per cent, from its last close.

The NSE 50-share barometer Nifty also moved down by 5.90 points, or 0.10 per cent, quoting 5,650.00 at 1025 hours.

Major losers were Jindal Steel (3.44 pc), Sun Pharma (1.92 pc), Hindalco (1.74 pc), HDFC (1.34 pc) and ICICI Bank (1.23 pc).

Foreign institutional investors (FIIs) sold shares worth a net Rs 2,094.06 crore yesterday, as per provisional data

from the stock exchanges.

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