Sensex falls nearly 120 points; Auto, banking stocks major drags

New Delhi: Market opened decrease on Friday led by decline in auto stocks and banking stocks.

Sensex dropped 119.36 factors to 31,003.53 in opening session whereas the NSE Nifty slipped 10.25 factors to 9,132.50.

Major losers within the Sensex pack have been M&M, HCL, Maruti, ITC, Heromoto Corp, TCS, Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank, Bajaj Auto and Sun Pharma, falling upto 3.37 %. On the opposite hand, ONGC, Tata Steel, Bharti Airtel, HDFC, NTPC, Titan, Nestle, L&T, HUL and RIL have been the major gainers, rising upto 2.30 %.

In the earlier session on Thursday, the 30-share index settled 885.72 factors or 2.77 per cent decrease at 31,122.89 amid weak international cues and buyers’ tepid response in direction of the stimulus package deal.

Investor wealth eroded by Rs 1,99,619.9 crore on Thursday because of the weak point in fairness market, with the BSE Sensex plummeting 886 factors.


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