The Sensex opened 43 points lower at 14,681. After the initial weakness, the index rebounded into the positive zone and touched a high of 14,825. The index, however, could not hold gains and slipped back into the negative zone.
Considerable weakness in energy and metal stocks saw the index drop to a low of 14,601 - down 224 points from the day's high. The Sensex finally ended with a loss of 78 points at 14,646.
The market breadth was fairly negative - out of 2,676 stocks traded, 1,668 declined, 930 advanced and 78 were unchanged today.
The BSE Oil & Gas index shed 2% at 9,997, and the Metal index dropped 1.8% to 12,364.
The NSE Nifty was down 38 points at 4,393.
Hindalco and Grasim plunged 4.5% each at Rs 130 and Rs 1,964, respectively.
Reliance Communications shed 2.7% at Rs 412. ACC and Mahindra & Mahindrra dropped 2.5% each to Rs 594 and Rs 568, respectively.
Reliance and Tata Steel slipped over 2% each to Rs 2,225 and Rs 603, respectively.
Jaiprakash Associates and ITC were down nearly 2% each at Rs 169 and Rs 188, respectively.
HDFC surged over 3% to Rs 2,360. HDFC Bank rallied over 2% to Rs 1,200.
Satyam moved up 1.8% to Rs 419. Larsen & Toubro, TCS and Hindustan Unilever were up over 1% each at Rs 2,695, Rs 842 and Rs 242, respectively.
Considerable weakness in energy and metal stocks saw the index drop to a low of 14,601 - down 224 points from the day's high. The Sensex finally ended with a loss of 78 points at 14,646.
The market breadth was fairly negative - out of 2,676 stocks traded, 1,668 declined, 930 advanced and 78 were unchanged today.
The BSE Oil & Gas index shed 2% at 9,997, and the Metal index dropped 1.8% to 12,364.
The NSE Nifty was down 38 points at 4,393.
Hindalco and Grasim plunged 4.5% each at Rs 130 and Rs 1,964, respectively.
Reliance Communications shed 2.7% at Rs 412. ACC and Mahindra & Mahindrra dropped 2.5% each to Rs 594 and Rs 568, respectively.
Reliance and Tata Steel slipped over 2% each to Rs 2,225 and Rs 603, respectively.
Jaiprakash Associates and ITC were down nearly 2% each at Rs 169 and Rs 188, respectively.
HDFC surged over 3% to Rs 2,360. HDFC Bank rallied over 2% to Rs 1,200.
Satyam moved up 1.8% to Rs 419. Larsen & Toubro, TCS and Hindustan Unilever were up over 1% each at Rs 2,695, Rs 842 and Rs 242, respectively.
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