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Indian shares dip over sharp sell-off
Wednesday, 06 June 2007, 19:30 IST
Mumbai: Hit by a sharp sell-off, Indian shares Wednesday slipped with a key index falling 1.92 percent amid worries of a global market correction.
The 30-share benchmark Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) ended 279.08 points lower or 1.92 percent at 14,255.93, with only four of its component stocks trading in the green.
The broader 50-issue Nifty index of the National Stock Exchange (NSE) ended 86.40 points lower or 2.02 percent at 4,198.25 - after it hit its all-time high of 4,362.95 Monday.
Sensex heavyweights like top steel maker Tata Steel, largest private sector firm Reliance Industries, top lender State Bank of India, top housing finance company HDFC and energy major ONGC were among the top losers.
Tata Steel was down 3.66 percent at 
617.70, followed by HDFC, down 3.51 percent at 1,830.70 and Tata Motors, down 3.37 percent at 687.00.
Reliance Industries was down 3.31 percent at 1,687.35, losing 57.70 on its last trade, while State Bank of India closed at 1,388.20, losing 48.05 on its previous price.
ONGC, top private sector energy producer Reliance Energy, drug major Ranbaxy Laboratories and private sector lender ICICI Bank were among the other major Sensex stocks that traded in the red.
Top aluminium producer Hindalco Industries led the four Sensex shares that gained as it was up 1.88 percent at 148.75.
Top private sector telecom service provider Reliance Communications was up 0.98 percent at 515.55, and fourth largest software exporter Satyam Computers gained 0.43 percent at 65.35. Textile major Grasim Industries was up 0.04 percent at 2,451.80.
Source: IANS
617.70, followed by HDFC, down 3.51 percent at 1,830.70 and Tata Motors, down 3.37 percent at 687.00.
Reliance Industries was down 3.31 percent at 1,687.35, losing 57.70 on its last trade, while State Bank of India closed at 1,388.20, losing 48.05 on its previous price.
ONGC, top private sector energy producer Reliance Energy, drug major Ranbaxy Laboratories and private sector lender ICICI Bank were among the other major Sensex stocks that traded in the red.
Top aluminium producer Hindalco Industries led the four Sensex shares that gained as it was up 1.88 percent at 148.75.
Top private sector telecom service provider Reliance Communications was up 0.98 percent at 515.55, and fourth largest software exporter Satyam Computers gained 0.43 percent at 65.35. Textile major Grasim Industries was up 0.04 percent at 2,451.80.
Source: IANS