Gold Silver Reports – Sensex Falls Below 32000, Nifty Trades Lower, Private Banks Stocks Fall – The BSE benchmark fell by over 200 points, pulling back from its record highs, on heavy profit booking in banking, FMCG, oil and gas, pharma and capital goods stocks after a recent rally. Offloading of positions by participants with Thursday being the last trading session of October series contracts in the derivatives segment pulled the index back from record levels, a broker said.
Sectoral indices led by consumer durables, power, FMCG, infrastructure and auto stocks were trading in the red. Major losers were HDFC Ltd, Asian Paints, HDFC Bank, Hind Unilever and Kotak Bank. State-run lenders continued their upward trend as PNB, SBI and Bank of Baroda rose.
Asian markets were mixed with Hong Kong’s Hang Seng dropping 0.15%, while Japan’s Nikkei moving up by 0.16% in early trade. The Shanghai Composite Index too inched up by 0.18%. The US Dow Jones ended 0.48% lower on Wednesday. Here are the latest updates from the markets: – Neal Bhai Reports