The BSE Sensex opened in the red, well below the 13,000 mark in opening trade, following a surprise hike in the short-term repo rate and the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) after trading hours on Friday (30 March). Since then market was trading in red during the day. Finally, BSE Sensex closed at 12455.37 with a decline of 616.73 points. The NSE Nifty also declined by 187.95 points to close at 3633.60. Overall, the market breadth was weak as 702 stocks were advanced whereas 1771 were declined in BSE while 73 remain unchanged.
BSE Mid cap and BSE Small cap indices followed the trend of benchmark index, as BSE mid cap declined by 174.83 points at 5209.29 and the BSE small cap decreased 176.45 points at 6294.06
.BSE FMCG index closed at 1691.10 down by 48points as HLL declined by (4.51%) followed by ITC decreased (2.59%).
BSE Capital goods index declined by 453.36 points at 8621.36 as L&T down by (6.43%), followed by BHEL declined by (4.68%).
BSE oil & gas index closed at 6172.25 down by 246.93 points on the back of ONGC declined by (4.91%) and RIL slipped down by (4.41%).
BSE Metal index closed 356.77 points down at 8131.67 as Tata Steel declined by (6.04%) and Hindalco Industries decreased by (2.15%).
BSE IT index closed 226.83 points down at 4672.56 on the back of decline in Wipro (7.58%), Satyam (4.9%), Infosys (4.75%) and TCS (3.51%).
BSE bank index dropped by 389.42 points at 6152.59 on account of SBI (5.76%), ICICI Bank (5.74%) and HDFC bank (5.2%) ended in red.
BSE Auto Index fell 299.22 Points at 4569.91 as Tata Motors (9.08%), Maruti Udyog (8.26%), Hero Honda motors (7.39%) and Bajaj Auto (6.57%) ended lower.
BSE Health Care Index closed lower at 3553.62 with a decline of 95.81 points as Ranbaxy (4.23%), Cipla (3.69%) and Dr Reddy''s (2.06%) ended in red.
Monday, April 2, 2007
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