Equities end marginally red, Sensex down 12 points (Roundup)

November 24th, 2008 - 6:26 pm ICT by IANS  

SensexMumbai, Nov 24 (IANS) Indian equities markets ended with marginal losses Monday after a late afternoon rally with a key index down only 12.09 points or 0.14 percent from its previous close Friday last week.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) finished at 8,903.12, down 12.09 points or 0.14 percent from its close Friday previous week at 8,915.21 points.

The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), however, finished in the green at 2708.25, up 14.8 points or 0.90 percent from its previous close last Friday at 2,693.45 points.

The BSE midcap finished at 2,902.29, down 14.37 points or 0.49 percent from its close Friday last week at 2,916.66 points.

The BSE smallcap closed at 3,363.96, down 26.80 points or 0.79 percent from its previous close Friday last week at 3,390.76 points.

Overnight US markets had ended in the green with a key index of the New York Stock Exchange finishing with a 6.63 percent gain. The Nasdaq index too ended with a gain of 5.18 percent.

Asian markets were mixed with the Nikkei, the key index of the Tokyo Stock Exchange finishing up 2.70 percent. But, the Hang Seng, key index of the Hong Kong Stock Exchange, closed with a loss of 1.59 percent.

Sectorally, power, oil and gas, fast moving consumer goods and telecommunication, media and entertainment and technology stocks were the biggest gainers.

Realty, banks, consumer durables and metal stocks were the biggest losers.

Among the gainers, Reliance Infrastructure led with a gain of 4.00 percent followed by Maruti Suzuki, up 3.64 percent, Tata Power, up 3.57 percent and Tata Consultancy Services Ltd. up 2.79 percent.

Among the losers, Satyam Computers was the biggest loser with a loss of 4.57 percent, followed by ICICI Bank, down 3.87 percent, DLF Ltd., down 3.81 percent and Mahindra and Mahindra, down 3.15 percent.

Some 1,060 stocks or 42.11 percent advanced, 1,382 stocks or 54.91 declined and 75 stocks or 2.98 percent remained unchanged.

Sentiment was somewhat buoyed up by hopes of another round of interest rate cuts plus positive global cues, analysts said.

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