Skip to main content

Despite 550 points rally on Tuesday, the Sensex opened with a negative gap of 154 points at 14,896 owing to weakness in global markets. The index soon tumbled to a low of 14,766 on selling by funds in heavy-weight stocks led by banking and realty sectors.

The index tried to recover in the noon deals and touched a high of 14,994 points. The Sensex finally ended with a loss of 150 points at 14,899.

The market breadth was marginally positive - out of 2,685 stocks traded, 1,332 advanced, 1259 declined and 94 were unchanged today.

The NSE Nifty dropped 57 points to settle at 4,448.

Sterlite slumped 3.7% to Rs 613. ONGC tumbled 3% to Rs 1,068. HDFC Bank and Reliance Industries declined 2.8% each at Rs 1,303 and Rs 2,152 respectively.

ITC lost 2.6% to Rs 189. Hindustan Unilever dipped 2.5% to Rs 240. Reliance Infrastructure slipped 2.3% to Rs 1,017.

Reliance Communications declined 1.9% to Rs 397. DLF and NTPC were down 1.3% at Rs 522 and Rs 174, respectively.

Tata Steel and Bhel lost around 1.1% at Rs 582 and 1,765.HDFC, Bharti Airtel, Wipro, TCS, L&T, Tata Motors and Satyam lost less than one per cent.


Maruti advanced 2.9% at Rs 684. Hindalco gained 2.4% to Rs 126.  Jaiprakash Associates  and Tata Power were up around 1.7% each at Rs 177 and Rs 1,088 respectively.

Grasim Industries and State Bank of India gained 0.9% each at Rs 2,020 and Rs 1,535 respectively.

Infosys, ICICI Bank and Ranbaxy were up less than one per cent

Comments

Post a Comment

Popular posts from this blog

Stock Market says Merry Christmas to Investors

Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
Post a Comment
Read more

News - Economy

Interest rates unlikely to go down (The Economic Times 4th Jan 2008)Interest rates are unlikely to fall in near future as it was expected with the State Bank of India raising the fixed deposit rate of various maturities up to 1.5 percentage points. Other banks are also planning to raise deposit rates. After SBI increasing deposit rates, other banks have no choice but to raise the rates to mobilize resources in the domestic market, chairman of a public sector bank said. As the cost of funds for banks will increase, they will resort to raising the lending rates. A senior banker said banks would announce the increased rates in near future. More Gold zooms past Rs 11,000 per 10 gm (The Hindu Businessline 4th Jan 2008)Gold prices made history as they soared to a record $ 865.35 an ounce in the London A.M fixing on Thursday, tracking which the domestic gold surged to Rs. 11,000 per 10 gm. On Wednesday, gold was fixed at $ 840.75/oz in London while in the Indian market it quoted at Rs 10,70
Post a Comment
Read more

IIP records negative growth of 0.4% in Oct

T he country's industrial output shrunk for the first time in many years to a record a negative growth of 0.4 per cent in October, stifled by manufacturing sector -- for rescuing which the government announced a stimulus package earlier this mo nth. Output had grown by 5.45 per cent in September, and 12.2 per cent in October, 2007. The Index for Industrial Production numbers for the seven-month period ended October was 4.1 per cent against 9.9 per cent a year ago. Manufacturing sector, which accounts for 80 per cent of the index, declined to 1.2 per cent from 13.8 per cent in the year-ago period. Only earlier this month, the government sought to rescue manufacturers by announcing an across-the-board (barring petroleum goods) four per cent cut in excise duty. Electricity sector grew by 4.4 per cent during the month, bettering 4.2 per cent output of the year-ago period, while mining sector grew by a slower 2.8 per cent against 5.1 per cent in the previous year's comparable period
Post a Comment
Read more