Indian market slipped down from its opening gain to close in red due to the high inflation put some burden on the investors’ sentiments. Inflation soars to 8.75% for the week ended 31st May 2008 which is highest in the seven years, as against 8.24% in the previous week. The domestic market opened with positive note but was not able to maintain the balance and slipped soon after the start. Further it continued to trade in negative territory with some unsuccessful attempts to recover during afternoon. Investors’ cautious behavior on high inflation forced market to close with loss. The BSE Sensex kept on trading around the 15200 mark and the NSE Nifty around the 4500 mark. From the sectoral front, Metal, Reality, Oil & Gas and Powers stocks witnessed most of the profit booking while stocks of Pharma, Consumer Durables and Banking held gains of market. The market breadth was positive as 1,445 stocks closed in green while 1156 stocks closed in red.
The BSE Sensex closed lower by 60.58 points at 15,189.62 and NSE Nifty ended down by 22.25 points at 4,517.10. The BSE Mid Caps and Small Cap closed positive with increase of 4.67 points and 55.82 points at 6,228.17 and 7,581.72 respectively. The BSE Sensex touched intraday high 15,337.10 and intraday low of 15,135.81.
Losers from BSE are JP associates (4.03%), DLF Ltd (3.61%), HDFC Bank (3.45%), Cipla Ltd (2.63%), HUL (2.54%), Reliance Infra (2.50%), Maruti Suzuki (1.97%) and Tata Steel (1.81%).
Gainers from the BSE are Ranbaxy lab (4.31%), ICICI Bank (3.03%), BHEL (2.79%), TCS Ltd (2.16%), Tata motors (1.74%) and ONGC (1.21%).
The Metal index decreased by 322.72 points to close at 15,185.95. Major losers are JSW SL (5.05%), Sterlite Industries (4.27%), Sesa Goa Ltd (2.50%), Ispat Industries (2.06%), Steel Authority (1.81%) and Tata Steel (0.81%).
The Reality Index closed lower by 150.67 points at 15,670.23. Losers are Pheonix Mill (6.87%) along with Indiabulls Real (15.52%), DLF Ltd (3.61%), Omaxe Ltd (3.02%), Ansal Infra (2.83%), Purvankara (2.81%) and Parsvnath (2.43%).
The Oil & Gas index closed down by 57.93 points at 9,917.01. As Essarv Oil Ltd (3.77%), Reliance Nat Res (3.12%), HPCL (3.04%), Cairn India (1.18%), BPCL (1.12%) and Reliance (0.59%) closed in negative territory.
The Power index closed downward by 28.73 points at 2,627.73. Losers are Tata Power (4.87%), Reliance Infra (2.50%), Suzlon Energy (2.45%), CESC Ltd (2.35%), and Siemens Ltd (1.86%).
The Consumer Durables index increased by 68.15 points to close at 3,981.55 as Rajesh Exports (8.76%), Blue Star L (5.14%), Titan Ind (1.03%) and Lloyd Ele En (0.15%) closed in positive territory.
The Health Care index closed up by 52.87 points at 4,494.02. Gainers are Glenmkark Pharma (5.26%), Aurbindo Pharma (5.23%), Pfizer Ltd (4.76%), Ranbaxy Lab (4.31%), Dr Reddy’s Lab (3.96%) and Aventis Pharma (3.51%).
The BSE Sensex closed lower by 60.58 points at 15,189.62 and NSE Nifty ended down by 22.25 points at 4,517.10. The BSE Mid Caps and Small Cap closed positive with increase of 4.67 points and 55.82 points at 6,228.17 and 7,581.72 respectively. The BSE Sensex touched intraday high 15,337.10 and intraday low of 15,135.81.
Losers from BSE are JP associates (4.03%), DLF Ltd (3.61%), HDFC Bank (3.45%), Cipla Ltd (2.63%), HUL (2.54%), Reliance Infra (2.50%), Maruti Suzuki (1.97%) and Tata Steel (1.81%).
Gainers from the BSE are Ranbaxy lab (4.31%), ICICI Bank (3.03%), BHEL (2.79%), TCS Ltd (2.16%), Tata motors (1.74%) and ONGC (1.21%).
The Metal index decreased by 322.72 points to close at 15,185.95. Major losers are JSW SL (5.05%), Sterlite Industries (4.27%), Sesa Goa Ltd (2.50%), Ispat Industries (2.06%), Steel Authority (1.81%) and Tata Steel (0.81%).
The Reality Index closed lower by 150.67 points at 15,670.23. Losers are Pheonix Mill (6.87%) along with Indiabulls Real (15.52%), DLF Ltd (3.61%), Omaxe Ltd (3.02%), Ansal Infra (2.83%), Purvankara (2.81%) and Parsvnath (2.43%).
The Oil & Gas index closed down by 57.93 points at 9,917.01. As Essarv Oil Ltd (3.77%), Reliance Nat Res (3.12%), HPCL (3.04%), Cairn India (1.18%), BPCL (1.12%) and Reliance (0.59%) closed in negative territory.
The Power index closed downward by 28.73 points at 2,627.73. Losers are Tata Power (4.87%), Reliance Infra (2.50%), Suzlon Energy (2.45%), CESC Ltd (2.35%), and Siemens Ltd (1.86%).
The Consumer Durables index increased by 68.15 points to close at 3,981.55 as Rajesh Exports (8.76%), Blue Star L (5.14%), Titan Ind (1.03%) and Lloyd Ele En (0.15%) closed in positive territory.
The Health Care index closed up by 52.87 points at 4,494.02. Gainers are Glenmkark Pharma (5.26%), Aurbindo Pharma (5.23%), Pfizer Ltd (4.76%), Ranbaxy Lab (4.31%), Dr Reddy’s Lab (3.96%) and Aventis Pharma (3.51%).
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