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Sensex pares losses, closes 50 points down

Tuesday, August 31, 2010   |    3 Comments
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Mumbai: BSE, the benchmark index for Indian equities Tuesday closed 50 points lower than its previous close, recouping some of its intra-day losses. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,015.66 points, closed at 17,981.48 points (provisional), 50.63 points or 0.28 percent down from its previous close at 18,032.11 points. It had fallen to 17,819.99 points earlier. While M&M (3.08 percent), ITC (2.13 percent), Tata Motors (1.61 percent), Maruti (1.54percent) and Bharti Airtel (1.27percent) led the Sensex gainers, Reliance Communications (-3.61 percent), Jaiprakash Associates (-3.41 percent), Reliance Industries (-3.09percent), Jindal Steel (-2.25percent) and DLF (-1.74 percent) were the major Sensex losers. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty followed a similar trajectory, closing percent 0.33 down at 5,397.5 points. Broader markets indices also ended in the red. The BSE midcap index was down 0.49 percent while the BSE smallcap index shut shop 0.89 percent lower.
Source: IANS
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2: The Indian markets witnessed some recovery in the wee hours of trade to close almost flat in red. The gain was mostly led by the FMCG index which closed the day gaining more than one and half percentage points followed by the Auto and IT index. The main dragger for the day is the Consumer Durables index which closed the day declining more than two percentage points followed by the Oil & Gas, Realty and Metal indices. The Sensex closed the day in green declining 60.99 points or 0.34 percentage points to close at 17,971.12. Nifty ends the day at 55402.40 declining 13.05 points or 0.24 percentage points. Market breadth was negative with 922 advances against 1,993 declines on BSE. On the global front, European stocks dropped before reports on U.S. house prices and consumer confidence that may compound concern the recovery in the world’s largest economy is faltering. Asian shares and U.S. index futures fell.

Source: Dalal Street Investment Journal
www.dsij.in
Posted by:manish - 31 Aug, 2010
3:
Dot
Appeal Male,corner assume volume fear address occasion compare business individual experiment use profit committee more miss alternative scheme to period chemical scientist measure moment end nearly major newspaper voice lean theme clean panel agreement passage royal extent lovely introduce live analysis feature necessary ring picture addition down internal bad help chapter least priority existing appeal support temperature planning below war paint earn century run corner united exhibition simple his birth truth moment closely device notion year comment away window marry worker make table elderly imagine report finish chapter know same
acai diet pills weight loss Replied to: manish - 15 Dec, 2010
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