Metal, FMCG stocks pull Sensex down 71 points
Reuters
MUMBAI: Indian markets were trading down by about 0.3 per cent in the afternoon session on Friday.
At 1.50 p.m., the 30-share BSE index Sensex was down 70.97 points (0.36 per cent) at 19,693.81 and the 50-share NSE index Nifty was down 22.3 points (0.37 per cent) at 5,987.20.
On the BSE, stocks of the PSU, oil & gas and IT indices were the best performers, each up over 0.5 per cent.
Metal, FMCG and auto stocks were beaten down. BSE metal and FMCG indices were down 1.51 and 0.67 per cent, respectively, while auto index was down 0.56 per cent.
On the BSE among the Sensex stocks, the top five gainers were ONGC, Wipro, TCS, BHEL and GAIL. The top five laggards were Sterlite Industries, Tata Steel, Hindalco, Jindal Steel and HDFC.
Analysts said that the markets were being cautious and concerned about the next RBI policy review to be announced later this month.
Global equity markets weakened after the US Federal Reserve officials said it may be appropriate to end the $85-billion monthly bond-purchase programme in 2013.
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