Indian market slipped sharply towards the final hours of the session to close on the back foot due to investor’s cautious behavior, which led them to compel the selling pressure. On the back of strong cues from global market, the domestic market opened on the firm note but was not able to sustain the momentum due to the concern of the rising inflation that stood at 8.24% for the week ended 24th May 2008, as against 8.10% in the earlier week which is according to the market expectation of 8.25%. The investors did not showed their active participation during the trading session, due to concerns of inflation figures. The market moved back once in early afternoon neglecting the growth in inflation figures. From the sectoral front, only Auto index ended in positive territory while metal, reality stocks were the main laggards. The market breadth was negative as 1,524 stocks closed in red while 1,125 stocks closed in green.
The BSE Sensex closed lower by 197.54 points at 15,572.18 and NSE Nifty fell by 49.15 points to close at 4,627.80. The BSE Mid Caps and Small Cap closed lower by 50.14 points and 39.54 points at 6,350.15 and 7,696.05 respectively. The BSE Sensex touched intraday high 15,970.70 and intraday low of 15,526.50.
Losers from the BSE are Wipro Ltd (4.43%), ITC Ltd (4.14%), Ranbaxy Lab (3.47%), Hindalco (3.46%), DLF Ltd (3.44%), Rel Infra (2.67%), TCS Ltd (2.36%), Bharti Airtel (2.34%) and J P Assoc (2.21%).
The Metal Index closed lower by 199.20 points at 15,515.29 Losers are Hindalco (3.46%) along with JSWSL (3.15%), Jindal Steel (2.94%), Welspan Gujarat Sr (2.89%), Ispat Industries (2.88%), Bhushan Steel (2.40%) and Tata Steel (2.10%).
The Realty index closed down by 115.75 points at 6,210.30 Losers are Mahindra Life (4.77%), Penland Ltd (4.60%), Housing Development (3.74%), DLF Ltd (3.44%), Anant Raj Indus (3.39%), and Ansal Infra (5.36%).
The Banking index fell by 82.30 points to close at 7,266.28 as Indian Overseas Bank (4.24%), Bank of Baroda (3.09%), Allahabad Bank (2.72%), OBC (2.26%), Union Bank (2.24%), and Kotak Bank (1.53%) closed in negative territory.
The Capital Goods index declined by 78.99 points to close at 12,032.64. Major losers are Thermax Ltd (3.31%), Praj Industries (3.26%), Elecon Eng (3.10%), Jyoti Struc (2.76%), Punj Lloyd (2.12%) and Aiaengineer (2.04%).
The Oil & Gas index closed lower by 55.75 points at 10,006.08. Losers are HPCL (5.92%), IOC (3.55%), Reliance Nat Resources (2.89%), ONGC (1.54%), Reliance Petroleum (1.25%) and Aban offshore (0.88%).
Auto index closed higher by 5.31 points at 4,227.32. Gainers are Mahindra & Mahindra (3.46%), Tata Motors (1.40%), Exide Indus (0.14%) and Bosch Ltd (0.09%).
The BSE Sensex closed lower by 197.54 points at 15,572.18 and NSE Nifty fell by 49.15 points to close at 4,627.80. The BSE Mid Caps and Small Cap closed lower by 50.14 points and 39.54 points at 6,350.15 and 7,696.05 respectively. The BSE Sensex touched intraday high 15,970.70 and intraday low of 15,526.50.
Losers from the BSE are Wipro Ltd (4.43%), ITC Ltd (4.14%), Ranbaxy Lab (3.47%), Hindalco (3.46%), DLF Ltd (3.44%), Rel Infra (2.67%), TCS Ltd (2.36%), Bharti Airtel (2.34%) and J P Assoc (2.21%).
The Metal Index closed lower by 199.20 points at 15,515.29 Losers are Hindalco (3.46%) along with JSWSL (3.15%), Jindal Steel (2.94%), Welspan Gujarat Sr (2.89%), Ispat Industries (2.88%), Bhushan Steel (2.40%) and Tata Steel (2.10%).
The Realty index closed down by 115.75 points at 6,210.30 Losers are Mahindra Life (4.77%), Penland Ltd (4.60%), Housing Development (3.74%), DLF Ltd (3.44%), Anant Raj Indus (3.39%), and Ansal Infra (5.36%).
The Banking index fell by 82.30 points to close at 7,266.28 as Indian Overseas Bank (4.24%), Bank of Baroda (3.09%), Allahabad Bank (2.72%), OBC (2.26%), Union Bank (2.24%), and Kotak Bank (1.53%) closed in negative territory.
The Capital Goods index declined by 78.99 points to close at 12,032.64. Major losers are Thermax Ltd (3.31%), Praj Industries (3.26%), Elecon Eng (3.10%), Jyoti Struc (2.76%), Punj Lloyd (2.12%) and Aiaengineer (2.04%).
The Oil & Gas index closed lower by 55.75 points at 10,006.08. Losers are HPCL (5.92%), IOC (3.55%), Reliance Nat Resources (2.89%), ONGC (1.54%), Reliance Petroleum (1.25%) and Aban offshore (0.88%).
Auto index closed higher by 5.31 points at 4,227.32. Gainers are Mahindra & Mahindra (3.46%), Tata Motors (1.40%), Exide Indus (0.14%) and Bosch Ltd (0.09%).
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