| The BSE benchmark Sensex on Monday closed 30 points lower due to profit-booking mainly in banking and oil stocks amid weak quartelry earnings by some banks. The Sensex closed with a loss of 30 points, or 0.15%, to 19,751.19 points on weak earnings by Bank of Baroda and IDFC. The gauge had lost nearly 224 points in last two trading sessions. Similarly, the broad-based National Stock Exchange index Nifty fell by 11.65 points, or 0.19%, to 5,987.25. Brokers said investors adopted a cautious approach and refrained from enlarging their positions after reports of a fall in quarter earnings by Bank of India and IDFC Ltd. They said the firming global trend failed to influence the market sentiment as some stocks led by ONGC surrendered fresh ground on profit-booking after the recent upsurge. Bank of Baroda lost 7.5% to Rs802.10 after the lender posted a 21.5% decline in its net profit at Rs1,011.62 crore for the quarter ended December. Similarly, IDFC fell by 5.71% to Rs158.65 also on weak earnings. Shares of ONGC dropped by 2.08 per cent to Rs325.55 after rising 26.3% in last few session. The two most index-heavy with their 16% weight Reliance Industries and Infosys fell by 0.79% to Rs886.35 and 0.31% to Rs2,762.35, respectively. In 30-BSE index components, 20 stocks declined led by PSU, Healthcare, Power, Refinery and metal sectors.  via Business - Google News | |||
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