Markets end marginally up
By siliconindia | Thursday, 30 October 2008, 04:08 Hrs
Bangalore: After hitting an intraday high of 9,297.76 and low of 8,894.34, the Sensex swung 403.42 points in today's session, closing higher by 36.43 points or 0.4 percent at 9,044.51. The Nifty remained range-bound between 2781.25 and 2631.90. It rose 0.46 percent or 12.45 points, to settle at 2697.05. Among the frontliners, Hindalco and Tata Communication jumped 18 percent and 12 percent, respectively. Mahindra & Mahindra, Wipro, ACC, Sterlite Industries, Reliance Industries, Ambuja Cements and BPCL rose 4.5-8 percent. However, Suzlon Energy, Reliance Communication and Ranbaxy Labs lost 10-11.5 percent. DLF, Satyam, HUL, HDFC, Siemens and Idea Cellular fell 3-9 percent. Volumes increased due to F&O expiry. Total turnover traded was at Rs 69,004.74 crore. This includes Rs 11,688.50 crore from NSE Cash segment, Rs 54,223.24 crore from NSE F&O and the balance Rs 3,093 crore from BSE Cash segment. Market breadth was in favour of declines; about 1324 shares have advanced while 1637 shares have declined. Nearly 229 shares remained unchanged. The Sensex and Nifty were down at around 33 percent each in the October series. CNX Midcap and BSE Small Cap indices fell 35 percent and 40 percent, respectively. The worst hit sectors were BSE Metals and Realty, which lost 53 percent and 50 percent, respectively. BSE Capital Goods and Oil & Gas indices tumbled 40 percent each. About 70 F&O stocks lost over 50 percent in this series. Among the frontliners, Suzlon Energy fell 75 percent and Reliance Industries tanked 40 percent. Tata Motors and Tata Steel plunged 60 percent each.