BSE Sensex, Nifty futures down april 11 2012

Indonesia stock info - BSE Sensex, Nifty futures down april 11 2012 ; The Bombay Stock Exchange's Sensex came under selling pressure in line with other Asian peers as concerns of rising borrowing costs in Spain and Italy hurt sentiments. All the sectoral indices, barring healthcare space, were in the red with metals, banks capital goods and oil&gas leading the decline.

"Stocks are set to drop anew as a global selloff worsens amid worries about slowing economic growth. After the disappointing US jobs report and Chinese data, the bad news now emanates from Europe.

Stocks in Italy and Spain crashed, as a sharp rise in borrowing costs revived concerns about the region's sovereign debt crisis. The sharp fall in Italian and Spanish equities dragged down European and US markets. Asian markets too are jittery this morning.

In a rare development, Greek stocks jumped after the country raised 1.3bn from six-month T-bills. Also, nearly all Greek bondholders have agreed to restructure debt. Alcoa has posted a surprise profit for the latest quarter. Separately, OECD's leading indicator of economic activity shows signs of improvement across all major economies.

For India the bad news is continued selling by FIIs due to the GAAR imbroglio. Rising twin deficits, high oil prices and sticky inflation are not helping either. IIP data is due on Thursday while inflation will be released on Friday. Infosys results are slated for Friday as well. RBI's policy meeting will be the important event next week," said IIFL report.

At 09:50 am; the Sensex was at 17102.86, down 140.98 points or 0.82 per cent. It touched intraday high of 17140.88 and low of 17075.89.

The National Stock Exchange's Nifty was at at 5200.20, down 43.40 points or 0.83 per cent. The broader index touched a high of 5211.75 and low of 5190.80 in trade so far.

BSE Midcap Index was down 0.50 per cent and BSE Smallcap Index slipped 0.32 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.44 per cent, BSE Bankex fell 1.19 per cent, BSE Capital Goods Index declined 1.12 per cent and BSE Oil&gas Index was 1.06 per cent lower. BSE Healthcare Index was up 0.36 per cent.

Sesa Goa (-2.56%), Jaiprakash Associates (-2.50%), Sterlite Industries (-2.50%), ACC (-2.41%) and Jindal Steel (-2.36%) were the major Nifty losers.

Index gainers included Ranbaxy Laboratories (2.53%), BPCL (0.94%), Dr Reddy's Laboratories (0.57%), Cipla (0.32%) and M&M (0.29%).

Market breadth was negative on the BSE with 664 gainers against 960 losers.

Meanwhile, the Asian markets corrected in line with the US markets on global economic concerns. Nikkei 225 was down 1.20 per cent, Hang Seng fell 1.29 per cent and Strait Times was declined 0.95 per cent.

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