Day after second biggest fall, markets limp back

March 18th, 2008 - 8:01 pm ICT by admin  

A file-photo of Sensex

Mumbai, March 18 (IANS) A day after it recorded its second biggest fall ever, the Indian equities market Tuesday closed flat with a marginal gain. With strong cues from emerging markets, Indian equities started the day on a flat note and stayed steady throughout the day. Metal and realty indices closed marginally down.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index, the Sensex, opened at 14,725.68 points and notched a high of 15,169.61 before closing at 14,833.46. It went up by 23.97 points or 0.16 percent, compared to Monday’s close.

The S&P Nifty of National Stock Exchange, which opened at 4,519.90 points, closed at 4,533.00, after touching a high of 4,617.95 points. It ended with a marginal gain of 29.90 points or 0.66 percent, compared to Monday’s close.

The BSE Midcap index, which closed at 7,365.20 points, slid by 157.03 points or 2.09 percent.

Similarly, the BSE Smallcap index, which closed at 8,531.92 points, went down by 27.18 points or 0.32 percent.

On BSE, the market breadth was negative with low trading volumes. In all, 749 shares advanced, 1,918 declined and 67 maintained status quo.

The top gainers of the day were DLF at Rs.634.75 up by 5.30 percent, Ranbaxy lab at 454.80 up by 3.85 percent and HUL at Rs.231.05 up by 3.08 percent.

The top losers of the day included Jaiprakash Associates at Rs.200.65 down by 3.56 percent, ACC at Rs.748.00 down by 2.98 percent and SBI at Rs.1584.90 down by 2.97 percent.

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