New Delhi: A benchmark index of Indian equities markets Friday afternoon was trading 117.77 points or 0.62 percent down. Bank, information technology (IT) and health care stocks were the heavy losers.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,115.89 points, was ruling at 18,940.38 points, 117.77 points or 0.62 percent lower in afternoon trade than its previous day’s close at 19,058.15 points.
The Sensex touched a high of 19,137.29 points and a low of 18,757.34 points in intra-day trade. The BSE midcap index was down 62.44 points, while the smallcap index was lower by 93.68 points.
On the sectoral front, the BSE bank index was down 133.62 points followed by IT index, which was lower by 92.71 points, and the health care index, down 70.97 points.
On Thursday the Sensex crossed the 19,000-point mark for the first time in almost 15 months, rising over 200 points, as the markets expected key reforms in the pension and insurance sectors.
The reforms were unveiled late Thursday evening, with the government announcing legislative changes that will allow up to 49 percent foreign equity in pension sector and hike such limit in insurance to 49 percent from the present 26 percent.
However, the sentiments were dampened as these legislative changes have to be passed by parliament where the government does not have a clear majority. Some of its key allies are also opposed to these reforms.
Meanwhile, the wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was ruling 39.50 points or 0.68 percent down at 5,748.10 points.
Among other Asian markets, Japan’s Nikkei was up 0.44 percent while Hong Kong’s Hang Seng was trading 0.41 percent higher, Shanghai’s composite index was also trading higher by 1.45 percent.