Equities markets end with a loss for the second day running (Roundup)June 3rd, 2008 - 6:48 pm ICT by IANS
Mumbai, June 3 (IANS) The Indian equities markets ended in the red for the second consecutive day Tuesday, with banking, capital goods, technology and telecom stocks leading the pack of losers. The markets started with a huge cut, tracking weak markets elsewhere in Asia. They remained volatile much of the day before making a smart recovery in late trade. But the recovery was not enough to make up for all the loss.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 15,851.72 points and touched a high of 15,985.40 before closing at 15,962.56. It went down by 100.62 points or 0.63 percent compared to its closing figure Monday.
The S&P Nifty index of the National Stock Exchange, which opened at 4,739.30 points, closed at 4,715.90 points. It went down by 23.07 points or 0.50 percent from its previous close.
The BSE Midcap index, which closed at 6,547.30 points, went down by 36.89 points or 0.56 percent.
The BSE Smallcap index, which closed at 7,882.29 points, went down by 77.22 points or 0.97 percent.
The market breadth was negative. On BSE, 847 shares advanced, 1,818 declined and 57 maintained status quo.
The top gainers of the day included ACC at Rs.649.50, up 3.74 percent; Ranbaxy Laboratories at Rs.529.95, up 3.09 percent; and DLF at Rs.582.95, up 2.61 percent.
The top losers of the day included Bharti Airtel at Rs.841.35, down 4.14 percent; Reliance Infrastructure at Rs.1,125.15, down 3.87 percent; and Satyam at Rs.499.75, down 3.64 percent.