Sensex slips; metals, capital goods, realty down

NEW DELHI: The BSE Sensex was subdued on Thursday ahead of September F&O expiry. Lack of cues from Asian peers and growing worries on Europe's continuing debt problems also weighed on investor sentiment.

At 10:20 am; Bombay Stock Exchange's Sensex was at 16366.71, down 79.32 points or 0.50 per cent with 24 of its components declining.

National Stock Exchange's Nifty was at 4920.55, down 25.50 points or 0.50 per cent.

"Today is September F&O expiry and you will have slight volatility as you edge towards the expiry time but holding up 4900-4905-4910 levels on Nifty in the short term or maybe 4900 as a round figure would be very important," said Mitesh Thacker of miteshthacker. com

"If that is being held on, we would again probably challenge the recent highs of 5000 and even try to break that on the upside but if 4900 does not hold, I would not be very sure of this market and probably expect a retest of 4750 odd levels," added Mitesh.

BSE Mid-cap index was down 0.76 per cent and BSE Small-cap index slipped 0.43 per cent.

Amongst the sectoral indices, BSE Metal index was down 1.7 per cent, BSE Capital Goods Index slipped 1.6 per cent and BSE Consumer Durable index down 1.3 per cent. However, BSE IT Index was up 0.5per cent.

State Bank of India (-2.6%), Tata Motors (-2.6%), Sterlite Industries (-2.3%), L&T (-2.2%) and Coal India Ltd (-2.3%) were amongst the major Sensex losers.

Infosys Technologies (1.09%), HDFC (1.5%), HDFC Bank (1.7%), JP Associates (1.29%) and ITC (0.4%) were amongst the major gainers. 

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