Equities market slips into redApril 1st, 2008 - 3:25 pm ICT by admin
Mumbai, April 1 (IANS) The benchmark index of the Indian equities market, which had opened in the green Tuesday, slipped into the red in afternoon trade, thanks to fresh selling in index pivotals. The market breadth turned negative in contrast to a strong breadth earlier in the day; 26 shares from the 30-member Sensex pack declined.
Other Asian markets that had opened before the Indian market were mixed.
The 30-share BSE Sensex hit a low of 15,301.85 shortly after noon before recovering somewhat by 1:15 p.m. to 15,617.01, still down 27.438 points or 0.18 percent from the previous close.
Earlier in the day, the index had hit a high of 15,827.87, 183.43 points above Monday’s close.
At 1.15 p.m., the broader-based S&P Nifty was at 4,650.25, down 81.05 points or 1.74 percent compared to its previous close.
On BSE 1,214 shares declined as compared to 1,155 that advanced; 57 shares remained unchanged.
BHEL, L&T, M&M, Tata Steel, HDFC Bank, SAIL, Bharti Airtel and Wipro were among the top losers.
Among the frontline gainers were HUL, TCS, Hindalco, BPCL, ONGC, Cairn, ONGC and Suzlon Energy.