Sensex tanks 318 points; capital goods, metals down

Mumbai, Jul 11: A benchmark index of Indian equities markets was trading 318.07 points or 1.25 percent down on Friday as capital goods and metal stocks dipped.

Goods buying was observed in healthcare and IT sectors, while heavy selling pressure was observed in capital goods, metal, oil and gas, auto and banking sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,488.86 points, was trading at 25,054.68 points (at 02.16 p.m.) in the afternoon session, down 318.07 points or 1.25 percent from the previous day’s close at 25,372.75 points.

The Sensex gained over 114.10 points or 0.45 percent in the early session. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 106.45 points or 1.41 percent down at 7,461.30 points.