Market closes with deep cut on the week's first day

Monday, 30 June 2008, 07:00 Hrs
Printer Print Email Email
Mumbai: The Indian equities market ended the day with a deep cut on the back of rising concern over crude oil price and looming political uncertainity in the country. Banking, realty and auto stocks were the worst hit.

The market started on a weak note and extended its loss by afternoon and in the last hour of trade started falling rapidly and closed the day in red.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 13,791.02 points, touched a low of 13,405.54 before closing at 13,461.60 points. It went down by 340.62 points or 2.47 percent at the day's close.

The National Stock Exchange (NSE) S & P Nifty, which opened at 4136.25 points, closed at 4040.55 points. It went down by 96.10 points or 2.32 percent.

The BSE Midcap index, which closed at 5,386.48 points, went down by 172.27 points or 3.10 percent.

BSE Smallcap index which closed at 6,701.96 points went down by 236.11 points or 3.40 percent.

The market breadth was negative. On the BSE, 542 shares advanced, 2107 declined and 43 maintained status quo.

The gainers of the day were Hindalco at 142.10 up by 1.97 percent, ITC at 187 gained 1.66 percent, and Infosys at 1734.75 went up by 1.59 percent.

The top losers of the day included Reliance Infrastructure at 784.80 down by 11.47 percent, ACC at 522.50 lost 9.80 percent, Ambuja Cements at 75.70 down by 6.83 percent.
Source: IANS
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..