Auto, bank lead Sensex fall

STOCKS-CLOSE

Mumbai, Dec 4 (PTI) In yet another volatile trade, the
Bombay Stock Exchange benchmark Sensex Friday fell by over 84
points, as funds indulged in profit selling after an
unexpected contraction in the US job data revived their fears
about the fledgling global recovery.

The Sensex, which remained flat from Wednesday after the
massive rally on the first two days of the week, fell by 84.14
points to close at 17,101.54 points as heavy-weight stocks led
by auto and banking counters saw aggressive selling. The key
index moved between 17,291.83 and 17,032.81 points.
The wide-based National Stock Exchange index Nifty 50 too
fell by 22.80 points to 5,108.90 points, after shuttling
between 5,161.80 and 5,081.85 points during the session.
Selling pressure sparked following the Institute for
Supply Management’s index of businesses that make up almost 90
percent of the American economy, sank to 48.7 in November.
Weak global cues further fueled the bearish sentiment.
Both Asia and Europe had weak openings Friday, which was
visible in the opening of the local bourses.
Continued selling on the Reliance Industries, ICICI Bank,
SBI, Maruti Suzuki, Hero Honda, Mahindra & Mahindra and Tata
Steel counters capped the day's gains on the index.
The auto sector index suffered the most by losing 1.47
per cent to 7,186.23 points, followed by the banking stocks
which shed 1.18 per cent to 10,244.63 points. (MORE) PTI RS
MYR



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