Equities market ends in red ahead of RBI review (Roundup)April 28th, 2008 - 9:38 pm ICT by admin
Mumbai, April 28 (IANS) The Indian equities market ended the day in the red ahead of the central bank’s monetary policy review Tuesday. The market started the day in positive zone but by mid afternoon witnessed a bout of volatility and slipped into the red by the close of the trading session.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 17,251.56 points and touched a high of 17,271.56 before closing at 17,015.96. It went down by 110.02 points or 0.64 percent compared to Friday’s close.
The S&P CNX Nifty of the National Stock Exchange, which opened at 5,112.50 points, closed at 5,089.65. It went down by 22.05 points or 0.43 percent from its previous close.
The BSE Midcap index, which closed at 7,067.40 points, went up by 11.19 points or 0.16 percent.
The BSE Smallcap index, which closed at 8,709.82 points, went down by 17.90 points or 0.21 percent.
The market breadth was negative. On BSE, 1,295 shares advanced, 1,374 declined and 71 maintained status quo.
The top gainers of the day were Reliance Energy at Rs.1426.10 up 4.95 percent, Jaiprakash Associate at Rs.251.15 gained 2.22 percent and Reliance communications at Rs.584.80 surged 1.34 percent.
The top losers of the day included Cipla at Rs.215.15 down 4.08 percent, Tata Steel at Rs.777.70 slid by 3.19 percent, ICICI Bank at Rs.894.95 went down by 2.31 percent.